SINGAPORE: After evading paying goods and services tax at Changi Airport for luxury items she bought in Europe, a woman went on social media to teach others how to do the same. On Thursday (March 27), Cloey Tan Wan Qi, 27, was fined S$18,000 after pleading guilty to a charge under the Customs Act. In sentencing, District...
KUALA LUMPUR: Any new additional pre-retirement withdrawals, whether targeted or open, will further exacerbate the issue of insufficient retirement savings, which is currently at a very alarming level, the Finance Ministry said. The ministry said it is also not a solution to the increasing financial burden of the people. "As of Sept 30, 2023, a total of...
KUALA LUMPUR: With the Goods and Services Tax (GST) has been proven to be an excellent mechanism to generate revenue for the country, Datuk Seri Dr Wee Ka Siong says he welcomes the government's willingness to consider the idea of reinstating the taxation method. "I welcome the Economy Minister's (Rafizi Ramli) announcement yesterday that he is...
KUALA LUMPUR: Reviving the goods and services tax (GST) still remains an option, says Rafizi Ramli. Although the current plan is to introduce capital gains tax next year, the Economy Minister said that other forms of taxes would also be considered. "One of the strategies to widen our revenue base is to develop and roll out capital...
KUALA LUMPUR: Putrajaya must be brave and reintroduce the Goods and Services Tax (GST), says Datuk Seri Dr Wee Ka Siong. "We cannot delay a taxation system that will benefit us in the long run. We have the same opinion as other chambers of commerce, that we should bring back GST," said the MCA president. He said...
