SANDAKAN: Sabah is the biggest recipient of federal funds for oil palm replanting this year, receiving RM61mil under a scheme to help smallholders replace ageing trees, says Deputy Plantation and Commodities Minister Chan Foong Hin. The allocation, channelled through the Smallholders Oil Palm Replanting Financing Incentive Scheme (TSBKS 2.0), is nearly double the RM41mil disbursed last...
PETALING JAYA: The Finance Ministry has clarified details regarding the expanded Sales and Service Tax (SST), specifying that the 5% tax is levied on goods manufactured locally and on imports. "If the fruits are imported, they will be subject to the 5% sales tax," the Ministry stated. However, it confirmed that locally grown fruits are exempted...
KOTA KINABALU: Amendments to the Sabah State Sales Tax Enactment 1998 are expected to strengthen the implementation and collection of the state’s sales tax. State Attorney-General Datuk Brenndon Keith Soh said the current law brings in nearly half of Sabah’s yearly income, and the changes would boost the collection. “This is an important step to give Sabah...
