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Collection of consumption-based tax lower after SST reimposition - MoF

Collection of consumption-based tax lower after SST reimposition - MoF

The Ministry of Finance states that the average annual SST collection was 51.6% lower than GST due to the smaller scope of the SST.
Wed Jul 10 2024
No answer from AGC on Rosmah's third representation to drop charges - Lawyer

No answer from AGC on Rosmah's third representation to drop charges - Lawyer

Datin Seri Rosmah Mansor's money laundering and tax evasion trial continued, despite no response from the AGC to her dismissal request.
Thu Jul 04 2024
Malaysia has to start carbon pricing, tax ahead of EU's CBAM rollout in 2026

Malaysia has to start carbon pricing, tax ahead of EU's CBAM rollout in 2026

Liew Chin Tong said the collections should then be channelled into green investment, including the investment into green steel.
Mon Jul 01 2024
Consider This: Federalism - When States Want More

Consider This: Federalism - When States Want More

Recently Johor and Penang have made headlines with their push for a larger share of the taxes they collect. Johor, at the urging of regent Tunku Ismail Sultan Ibrahim, is seeking 20 to 30 percent of its collected taxes, while Penang is seeking 20 percent. These demands are raising important questions about decentralisation and financial autonomy. Additionally, Sabah and Sarawak’s unique position under the MA63 adds to the complexity of these discussions. How should Malaysia navigate the demands for greater funds? On the episode of #ConsiderThis Melisa Idris speaks to economist Professor Dr Jomo Kwame Sundaram, and Dr Tricia Yeoh, CEO of IDEAS Malaysia.
Fri Jun 28 2024
Flying container case: Three more Customs officers detained

Flying container case: Three more Customs officers detained

MACC Chief Commissioner Tan Sri Azam Baki said that more than RM3 million cash was seized following the arrests.
Thu Jun 13 2024
MACC nabs seven individuals for colluding with major smuggling syndicate

MACC nabs seven individuals for colluding with major smuggling syndicate

The syndicate is believed to have smuggled in goods through Port Klang and evaded taxes estimated at RM3.5 billion over the past 10 years.
Fri Jun 07 2024
Pengasas Premium Big Blue Taxi bebas tuduhan tipu kerja pembersihan bangunan KLCC

Pengasas Premium Big Blue Taxi bebas tuduhan tipu kerja pembersihan bangunan KLCC

Mahkamah melepas dan membebaskan Pengasas Perkhidmatan Premium Big Blue Taxi, Datuk Shamsubahrin Ismail daripada pertuduhan menipu kerja pembersihan bangunan KLCC.
Fri Jun 07 2024
[COLUMNIST] How e-Invoicing will benefit the public

[COLUMNIST] How e-Invoicing will benefit the public

e-Invoicing by IRBM results in the tax authority having a real time digital record of transactions, ensuring "compliance by design".
Thu Jun 06 2024
Road tax for ZEV effective Jan 1, 2026 - Loke

Road tax for ZEV effective Jan 1, 2026 - Loke

Anthony Loke said the new fee is 85 pct lower than existing rate which aims to encourage people to switch to the use of ZEV vehicles.
Tue Jun 04 2024
Op Samba 2.0: 23 Customs Dept officers, personnel to be charged - MACC

Op Samba 2.0: 23 Customs Dept officers, personnel to be charged - MACC

Op Samba 2.0 focused on investigations at the cargo section, detected the leakage of tax revenue as much as RM2 billion, according to MACC.
Thu May 23 2024
Malaysia overtakes Thailand as ASEAN's second-biggest auto market

Malaysia overtakes Thailand as ASEAN's second-biggest auto market

Sales tax exemptions for domestically produced vehicles provided a tailwind for the national car brands Perodua and Proton.
Fri May 17 2024
Palestinian public sector salaries squeezed as Israel withholds tax revenue

Palestinian public sector salaries squeezed as Israel withholds tax revenue

Only part of public sector salaries would be paid this week, keeping up a squeeze on payrolls that lasted for months, the authority said.
Mon May 13 2024
M'sia mulls giving full tax exemption on emergency PRS withdrawals

M'sia mulls giving full tax exemption on emergency PRS withdrawals

Malaysia is considering to provide full tax exemptions on withdrawal from private retirement scheme (PRS) funds for emergency purposes.
Wed May 08 2024
IRB establishes lawyer role application on MyTax portal

IRB establishes lawyer role application on MyTax portal

The Inland Revenue Board (IRB) has established the 'Lawyer Role Application' to allow lawyers to submit the Real Property Gains Tax (BNCKHT) forms electronically via e-CKHT on the MyTax portal.
Wed May 08 2024
No approval for BJAK to provide RTD road tax renewal

No approval for BJAK to provide RTD road tax renewal

MOT says BJAK's statement on its website claiming to be "audited, validated and approved by RTD" is untrue and misleading to the public.
Mon May 06 2024