Room to reduce GST if oil price rises above US$55 Friday, 10 June 2016 – PETALING JAYA: The Government will have room to reduce the goods and services tax (GST) rate by more than 1% should oil prices climb above US$55 per barrel, according to MIDF Research. In a report, it said that its estimation […]
Read MoreRetail sales in Malaysia fall 4.4% in Q1 Thursday, 9 June 2016 – KUALA LUMPUR: The Malaysian retail industry recorded a 4.4% fall sales in the first quarter of 2016 compared to a 4.6% growth a year ago, according to Retail Group Malaysia. The fall was attributed to higher pre-GST sales a year ago, as […]
Read MoreCustoms checking online traders Wednesday, 1 June 2016 – KUALA LUMPUR: Some 30,000 online businesses have come under scrutiny of the Customs Department for not registering under the Goods and Services Tax (GST). The department, said its director-general Datuk Seri Khazali Ahmad, was in the midst of gathering more information on these businesses before embarking […]
Read MoreWhen does GST apply to individuals who own properties? Monday, 25 April 2016 – IT has always been clear that it is the responsibility of those in business to register for GST and collect the tax. However, recent guidance released by the authorities could bring private individuals, who would not consider that they are in […]
Read MoreHotels’ Take On Improving Tourism In Brunei Monday, June 20, 2016 – HOTELS play a significant role in the development of the tourism industry. However, a low occupancy rate can hurt the hotel business, and this has been the case for Brunei where tourist arrivals are not among the highest in the region. Recently our journalist […]
Read MoreNew Agreement To Streamline Food Testing Process In Asean Monday, June 20, 2016 – THE ASEAN Food and Beverage Alliance (AFBA) is hoping the Mutual Recognition Agreement (MRA) on food hygiene system among ASEAN countries will streamline the testing process for food exports. Dr Siti N Abdul Malek (pictured), director at the AFBA secretariat, said the […]
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