KUALA LUMPUR: A tax rate exceeding 20% will be set for individuals who earn an income of over RM100,000, says Datuk Seri Amir Hamzah Azizan (pic). The Finance Minister II said this in his winding-up speech on the Supply Bill 2025 debate in the Dewan Rakyat late Wednesday (Nov 13). However, he did not specify if the RM100,000...
KUALA LUMPUR: The enhancements to the Sales and Service Tax (SST), effective from May 1, 2025, are expected to help generate revenue of RM51.7 billion in 2025, according to Finance Minister II Datuk Seri Dr Amir Hamzah Azizan. He said this represents an additional revenue of RM5 billion over the current SST collection forecast of RM46.7...
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim left the Finance Ministry building here at 3.15pm to make his way to Parliament to table the much-awaited Budget 2025 on Friday (Oct 18). The Finance Minister was clad in a white Baju Melayu and carried a bag containing the budget speech text. Anwar was accompanied by Finance Minister II...
KUALA LUMPUR: Datuk Seri Dr Wee Ka Siong has called on Prime Minister Datuk Seri Anwar Ibrahim to urgently address the ongoing tax dispute involving Universiti Tunku Abdul Rahman (UTAR). The MCA president pointed out that only the Prime Minister, who also holds the role of Finance Minister, has the authority to annul or overturn the...
KUALA LUMPUR: The retail prices of RON97 petrol and diesel in Peninsular Malaysia will drop by six sen to RM3.19 and RM2.95 per litre respectively, from Sept 19-25. The Finance Ministry, in a statement on Wednesday (Sept 18), said that the drop in prices for RON97 petrol and diesel in the peninsula is in line with...
KUALA LUMPUR: The retail price of RON97 petrol and diesel in Peninsular Malaysia will drop by 15 sen, to RM3.25 and RM3.01 per litre respectively, from tomorrow until Sept 18. The Finance Ministry, in a statement on Wednesday (Sept 11), said that the price drop for RON97 and diesel in the peninsula is in line with...
PETALING JAYA: The price of RON97 petrol and diesel in Peninsular Malaysia will drop by two sen from Thursday (Sept 5) until Sept 1. The Finance Ministry in a statement on Wednesday (Sept 4) said the price reduction for RON97 and diesel in the peninsula is in line with the reduction in the global crude oil...
IT APPEARS the Finance Ministry is reaching out to the public for their suggestions on the upcoming national budget. With promises of empowering the Malaysia Madani initiative, are they genuinely soliciting feedback from everyday citizens? Could your ideas shape the country's financial future? Verdict: TRUE The Finance Ministry has welcomed suggestions and opinions from the public for Budget 2025 aimed...
KUALA LUMPUR: The disbursement of the Sumbangan Tunai Rahmah (STR) Phase 3 payment to 8.5 million recipients will begin on Thursday (Aug 29). “Existing beneficiaries will start receiving Phase 3 STR payments today. New beneficiaries and appeals will be paid starting Wednesday (Sep 18),” the Finance Ministry announced on X on Thursday. Those approved to receive the...
KUALA LUMPUR: The Finance Ministry has extended the refund mechanism for diesel subsidy to eligible logistics vehicle owners who have yet to receive the fleet card, it said in a statement on Friday (Aug 9). The facility is available only to those whose applications have been approved under the Subsidised Diesel Control System (SKDS) 2.0 on...
