PETALING JAYA: The expansion of the Sales and Service Tax (SST), initially slated for May this year as announced in Budget 2025, will be implemented at a later date, says a Finance Ministry spokesman. “The ministry has completed its nationwide engagements with multiple industries to finalise the scope of the expansion and the applicable tax rates. ALSO...
PETALING JAYA: The expansion of the Sales and Service Tax (SST), initially slated for May this year as announced in Budget 2025, will be implemented at a later date, says a Finance Ministry spokesman. “The ministry has completed its nationwide engagements with multiple industries to finalise the scope of the expansion and the applicable tax rates. ALSO...
ALOR SETAR: The Sultan of Kedah, Al-Aminul Karim Sultan Sallehuddin Sultan Badlishah, has called for the state government to boost revenue to implement planned development initiatives and ensure the well-being of the people. He also emphasised the importance of minimising revenue leakage, stating that such losses weaken the state's financial position. "Continuous enforcement must be carried out,...
City Hall engages new operators to streamline compliance, generate income KUALA Lumpur is no longer a haven for those who have been able to avoid paying a fee for street parking. With four new parking operators appointed to manage the city’s 59,000 street parking bays, Kuala Lumpur City Hall (DBKL) is ramping up enforcement. Areas where parking fee...
PETALING JAYA: The government reported improved financial performance in 2023, with a revenue surplus increase of RM2.028bil and a deficit reduction of RM8.595bil compared with 2022. The fiscal deficit has decreased to RM90.887bil, a noteworthy improvement from RM99.482bil in 2022. This brought down the national deficit-to-GDP ratio to 5.0% in 2023, down from 5.5% in 2022. The...
KUCHING: Sarawak has approved the introduction of state sales tax (SST) on the export of ferroalloys and polysilicon as part of efforts to diversify revenue sources, says Datuk Amar Douglas Uggah. The Deputy Premier said the tax would be imposed at the rate of 1.5% effective Sept 1 this year. "This is a fair and reasonable rate...
