KUALA LUMPUR: The public is permitted to keep liquor at home for personal consumption without a licence, provided it is duty-paid, says the Customs department. In a statement on Thursday night (Aug 28), the department said the public was not required to keep records when purchasing duty-paid liquor from licensed outlets for personal consumption. "The requirement to...
KUALA LUMPUR: Pro-health taxes will be expanded to cover tobacco, vape and alcohol products, says Datuk Seri Anwar Ibrahim. The Prime Minister stressed the need to handle health risks, stressing that it is not solely for tax revenue. “It is to encourage behavioural changes and curb the worrying rise of non-communicable diseases,” he said when tabling the...
PETALING JAYA: About 97% of goods in the market will be taxed once the expanded Sales and Services Tax (SST) comes into effect on July 1, increasing pressure on the public, according to Datuk Seri Dr Wee Ka Siong. The MCA president stated that under the new scheme, thousands of products previously exempt from SST would...
BEIJING: In the first five months of this year, the customs of two major airports in Beijing processed departure tax refund applications for overseas travellers totalling approximately 478 million yuan (about US$66.52 million), up 91.61 per cent year-on-year, setting a new record high for the same period in history, according to Beijing Customs. From January to...
PUTRAJAYA: The Inland Revenue Board (LHDN) Foreign Taxpayer Branch (CPCA) counters will officially operate at Level 9, Block 10, Government Building Complex, Jalan Tuanku Abdul Halim, Kuala Lumpur, starting Thursday (May 1). In a statement on Wednesday (April 30), the board announced that the operating hours of CPCA for consultation services are from 8am to 5pm...
KUALA LUMPUR: The Federal Territory Road Transport Department (JPJ) detained a foreign man suspected of smuggling untaxed liquor at the Sentul Toll Plaza on the Kuala Lumpur-Karak Expressway on Wednesday. Kuala Lumpur JPJ director Hamidi Adam said the Indian national was apprehended during a special operation under Ops Hari Raya 2025, which began at 3pm. "An inspection of the cargo...
PUTRAJAYA: Following the availability of the MyInvois Portal for taxpayers in June, they can now issue e-invoices through the ‘MyInvois’ application on their smartphones at any time, according to the Inland Revenue Board (LHDN). In a statement today, LHDN announced that the MyInvois app is available for download across all operating system platforms, including the App...
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...
A PROPOSED assessment tax hike of 25% for properties in Subang Jaya has been dubbed as “unfair and a shock”, though it is the first adjustment in 32 years. Subang Jaya residents are rattled and question why the Subang Jaya City Council (MBSJ) and its predecessor, the Subang Jaya Municipal Council (MPSJ), had failed to conduct...
HANOI: Vietnamese authorities are ramping up tax supervision on individuals who earn income from livestreaming sales on e-commerce and social media platforms to ensure they comply with tax regulations, Vietnam News reported on Wednesday (June 12). Vietnamese Prime Minister Pham Minh Chinh has directed the finance ministry to closely monitor livestream sales conducted through e-commerce platforms. Individuals...
