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.
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.
KUALA LUMPUR, Sept 9 (Bernama) -- The Inland Revenue Board (IRB) has denied that that it issued a statement pertaining to blocking tax defaulters from travelling overseas, which was spread on social media the last several days.
The Inland Revenue Board of Malaysia (IRBM) has announced that Kuala Kangsar Revenue Service Center has started its operations effective from 2 September 2014.
The Inland Revenue Board has issued a Public Ruling (PR) on Taxation Of Foreign Fund Management Company.
KUALA LUMPUR, Sept 4 (Bernama) -- The government is providing exemption on crude palm oil (CPO) export duty to all exporters for September and October 2014, effective Sept 1, to mitigate further decline in the price.
The Ministry of Finance has issued Guidelines for the Application and Renewal of GST Tax Agent Licence.
The Inland Revenue Board of Malaysia (IRBM) has announced that the Revenue Service Centre (RSC) Kuala Kangsa, Perak will begin operations on 2 September 2014 (Tuesday).