PUTRAJAYA, July 16 (Bernama)-- The Finance Ministry (MoF) is encouraging feedback from the general public on ways to beat the rise in the cost of living for the formulation of the Budget 2015. Deputy Finance Minister Datuk Ahmad Maslan said Malaysia's inflation rate was at 3.2 per cent and still considered low when compared to its peers at 6.0 per cent. "But we will continue to assist the people by receiving feedback from all concerned on ways to overcome the rise in living costs," he added. He told the media this after chairing a meeting on "Focus Group: Managing Rising Cost of Living", here Wednesday.
KUCHING, July 24 (Bernama) -- The government expects to earn an additional revenue of RM3 billion in the first year the Goods and Services Tax (GST) introduction starting April next year, Deputy Finance Minister Datuk Ahmad Maslan said.
The Royal malaysian Customs has released a GST Guide on Transitional Rules.
P.U. (A) 206 of 2014; 14 July 2014
KUALA LUMPUR: The self-declaration mechanism for tax exemption has improved efficiency, saved time and reduced the cost of doing business in Malaysia, said Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud.
KUALA LUMPUR, July 11 (Bernama) -- The Royal Malaysian Customs Department expects more than 100,000 businesses to register their operations by year-end for implementation of the Goods and Services Tax (GST).Director-General Datuk Seri Khazali Ahmad s
KUALA LUMPUR, July 10 (Bernama) -- The government can reduce the dependency on direct taxation as well as simplify the tax system by implementing the Goods and Services Tax (GST), says Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah.
KUALA LUMPUR, July 10 (Bernama) -- The Royal Malaysian Customs Department is in the process of selecting Tourist Refund Scheme (TRS) agents, who will in turn, identify tourist refund outlets, said Deputy Director GST Division, Tan Sim Kiat.
KUALA LUMPUR (Bernama) -- More cases of tax evasion among businesses will prosecuted as criminal offences as the Inland Revenue Board (IRB) is intensifying crackdown on tax dodgers under Section 114 of the Income Tax Act 1967.
This guide aims to help individuals to understand the renewal procedure, eligibility requirements and duties and responsibilities of GST tax agent.