Restore Labuan’s full duty-free status, businesses urge govt

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...

TCM services crucial part of healthcare system, should not be taxed, says Dr Wee

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...

JB property owners file complaint over property assessment increment

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...

Putrajaya should define high-value items better in new tax, says Dr Wee

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...

Chinese Stars Reportedly Paid S$2.1bil In Overdue Tax Following Government Crackdown On Tax Evasion

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...