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...
The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...
PETALING JAYA: Traditional and complementary medicine (TCM) services are crucial parts of our healthcare system and should not be taxed, says Datuk Seri Dr Wee Ka Siong (pic). The MCA president urged the government to withdraw its plan to introduce a sales and services tax (SST) for TCM, including massage and physiotherapy services. "Be it TCM treatment...
JOHOR BARU: About 3,850 property owners have filed their objection with Johor Baru City Council (MBJB) over the increase in their property assessment. Johor Baru mayor Datuk Mohd Noorazam Osman said that the objection was for their property value, not on the assessment rate imposed by the city council. “Only 1.1% out of the 350,000 property owners...
KUALA LUMPUR: Putrajaya must further explain the definition of high-value items in its new luxury goods tax, said Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam). Dr Wee said that when the luxury goods tax was proposed earlier this year, it specifically mentioned that handbags and watches would be taxed. “Now, suddenly, the word handbag is no...
Actor-director Wu Jing alone paid S$55mil in overdue tax. So just how much do they earn? Chinese actresses Song Zu’er and Jiang Yiyi recently made headlines for tax evasion — something not uncommonly seen in Chinese showbiz. The news has renewed interest in the tax expenses of celebs, with the topic trending on various social media sites. A netizen recently posted a...
