GST would help secure Malaysia's Future, says PM KUALA LUMPUR, Sept 15 (Bernama) -- The Sales and Services Tax (SST) is no longer fit for a rapidly growing and economically progressive economy such as Malaysia and it is imperative for the country to expand and diversify its tax base, said Datuk Seri Najib Tun Razak. The Prime Minister said Malaysia needs a more effective and equitable tax system that would help the country to secure its future. Speaking at the International Seminar on the Goods and Services Tax (GST) in Malaysia in the capital, Monday, Najib said Malaysia cannot sustain its growth and development based on current revenue streams alone.
PPPKAM urges Government to obey FCTC on Tobacco Tax KUALA LUMPUR, Sept 17 (Bernama) -- The Malaysian Public Health Specialists Association (PPPKAM) urged the government to comply with its commitment in the Framework Convention on Tobacco Control (FCTC) by increasing the tax on tobacco products every year starting with Budget 2015. Its president Prof Dr Mohamed Rusli Abdullah in a statement said the move to increase the retail price of cigarett
MTUC seeks Heavier Penalty for Employers who neglect Workers' Safety SHAH ALAM, Sept 17 (Bernama) -- The Malaysian Trades Union Congress (MTUC) has urged the government to impose a heavier penalty on employers who neglect their workers' safety, thus leading to workplace accidents and the deaths of employees. Its deputy secretary-general, A. Balasubramaniam, said the MTUC viewed accidents at workplaces seriously and felt that there was a need for severe action
More Tax Experts needed to volunteer to train 645,000 SMEs on GST, says Minister KUALA LUMPUR, Sept 14 (Bernama) -- There is a need for more tax experts to volunteer their services to train some 645,000 Malaysian Small and Medium Enterprises (SMEs) in the Goods and Services Tax (GST) implementation, said Minister in the Prime Minister's Department, Datuk Dr Wee Ka Siong. He said some GST consultants had been known to charge as high as RM300,000 for a total GST package whi
Other Headlines of the Day
KUALA LUMPUR, Sept 18 (Bernama) -- Bank Negara Malaysia has called for the cooperation and collaboration between financial institutions and law enforcement agencies (LEAs) to ensure the Anti-Money Laundering and Counter Financing of Terrorism (AML/CF
KUALA LUMPUR, Sept 18 (Bernama) -- Padang Serai Member of Parliament N. Surendran, who has been charged with sedition in the Sessions Court, has applied for the court to refer to the High Court on the constitutionality of the Sedition Act 1948.
KUALA LUMPUR, Sept 18 (Bernama) -- A husband and wife today lost their suit against Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) for breach of statutory duty to supply clean water and provide adequate water pressure to their house.
KUALA LUMPUR, Sept 18 (Bernama) -- Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3.25 per cent.
KUALA LUMPUR, Sept 18 (Bernama) -- The government is yet to decide whether the Goods and Services Tax (GST) will be imposed on petroleum, Royal Malaysian Customs Department Director-General Datuk Seri Khazali Ahmad said Thursday.
The Royal Malaysian Customs has issued a GST Guide on Pawnbroking.
The Royal Malaysian Customs has issued a GST Guide on Forestry Industry.
The Royal Malaysia Customs has released a GST Guide on Web Hosting Services.
Monday, 15th September 2014 – The Shah Alam Sessions Court today sentenced Sandiranshegran A/L Subramanian (‘Sandiranshegran’) to five (5) years imprisonment for contravening Section 364(2) of the Companies Act 1965 (‘CA 1965&
KUALA LUMPUR, Sept 17 (Bernama) -- A total of 249 names of company directors had been submitted to the Immigration Department to prevent them from leaving the country without first settling their Employees Provident Fund (EPF) contribution arrears.
Headlines by Practice Area
As announced by the Prime Minister in the 2014 Budget Speech, Bank Negara Malaysia (the Bank) is leading an initiative to develop a netting legislation to further promote the development of the domestic financial market. The Netting of Financial Agreements Bill is envisaged to provide legal assurance for the enforceability of close-out netting mech
KUALA LUMPUR, Sept 12 (Bernama) -- The Malaysia Competition Commission (MyCC) has lauded the move by the Ministry of Education (MOE) to facilitate wider competition in the provision of health insurance coverage for foreign students for the benefit of the consumer. MyCC in a statement today said the commission had previously received a complaint in
KUALA LUMPUR, Aug 26 (Bernama) -- Datuk Seri Mohd Najib Tun Razak has called on companies to emulate international best practices with the inclusion of diversity policy. The prime minister said this could be done by disclosing workplace demographics that incorporate gender, ethnicity and age.
KUALA LUMPUR, Sept 12 (Bernama) -- The High Court here today overturned a lower court decision and quashed the conviction and sentence for criminal breach of trust (CBT) on a former company accounts executive. Justice Amelia Tee Hong Geok Abdullah in acquitting Heow Siew Chun, said the court was satisfied that the sessions court judge had erred in
KUALA LUMPUR, Sept 15 (Bernama) -- Kuala Lumpur City Hall (DBKL) plans to set up a Special Magistrate's Court to expedite disposal of traffic and general offence cases under its jurisdiction.
SHAH ALAM, Sept 17 (Bernama) -- The Malaysian Trades Union Congress (MTUC) has urged the government to impose a heavier penalty on employers who neglect their workers' safety, thus leading to workplace accidents and the deaths of employees. Its deputy secretary-general, A. Balasubramaniam, said the MTUC viewed accidents at workplaces seriously and
KUALA LUMPUR, Aug 14 (Bernama) -- The Royal Malaysian Customs seized 190 million contraband cigarettes worth RM11.72 million through 'Ops Outlet' carried out nationwide between early January to Aug 12. The total amount of duty evaded from these cigarettes amounted to RM97.06 million. Customs Department director-general Datuk Seri Khazali Ahmad said
KUALA LUMPUR (Bernama) -- Over the last decade prices of residential properties have escalated beyond the affordability of the average wage earner and it seems there is nothing to stop the prices from rising further. And now there are concerns that the Goods and Services Tax (GST) that will take effect on April 1, 2015 will further push up the pric
KUALA LUMPUR, Sept 17 (Bernama) -- The Malaysian Public Health Specialists Association (PPPKAM) urged the government to comply with its commitment in the Framework Convention on Tobacco Control (FCTC) by increasing the tax on tobacco products every year starting with Budget 2015. Its president Prof Dr Mohamed Rusli Abdullah in a statement said the
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