KUALA LUMPUR: The reintroduction of the sales tax between 5% and 10% on selected manufactured and imported products and 6% services tax on selected services could possible reduce the overall tax burden, says AmBank Research. It said on Wednesday the SST, which will come into effect on Sept 1, is unlike the Goods and Services […]
Read MoreMYANMAR is confident of attracting more investments from Thailand after a revamped companies law comes in at the start of next month, a senior official investment said. “We have great potential to welcome a huge influx of Thai investments over the next few years,” said Thant Sin Lwin, deputy director general of the Directorate of […]
Read MoreDutch energy giant Shell is eyeing the liquefied natural gas (LPG) market in Indonesia and is in the process of obtaining an import permit, an official has said. Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto said on Tuesday that Shell was preparing facilities like storage and regasification in Indonesia as well as cargo ships. […]
Read MoreCOMMERCIAL banks and financial institutions across the country are required to implement a new international financial reporting standard from the beginning of 2020, according to the National Accountancy Body (NAB). Nuntawan Sakuntanaga, Commerce permanent-secretary and chairman of the NAB, said that the body agreed at a recent meeting on the schedule for the implementation of […]
Read MorePETALING JAYA: The new sales and services tax (SST) is likely to cover a wider range of goods and services compared with the old SST system to generate more income for the government. “The coverage of the new SST, especially the service tax, would likely widen due to the narrow scope of the old SST. […]
Read MoreKUALA LUMPUR: The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng. He said that the SST would be implemented on Sept 1 after the necessary laws are passed in the current […]
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