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Budget 2020

BUDGET 2020 – Important Day Today!

BUDGET 2020 – IMPORTANT DAY TODAY ! Friday is an IMPORTANT Day! The long awaited Budget 2020 is scheduled to be tabled in Parliament at 3 pm. Especially for the Businesses looking out for implication on whether or not the Government will REVERT back to GST or EXPAND the Scope of SST and its Tax

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Budget 2020

SST far superior to GST?

Do you think so ? PETALING JAYA: The Goods and Services Tax (GST) regime will only work well in a developed country where the disparity of income is not wide and the nation shares a single culture and common education system, according to a taxation expert. Choong Kwai Fatt recommended that the government refine the

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GST

Burger King Franchisee : Fined RM 40,000 for Price Hike

  Now Business Traders do not just need to know GST, it is high time to brush up on “Mechanism to Compute Hike in Profit Margin” The RM 40,000 fine on Burger King Franchisee is a loud slap for businesses. In view that most companies have increased their prices arbitrary in conjunction with GST implementation date, not knowing they

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GST News

GST Knocks Down Car Prices

KUALA LUMPUR, April 1 (Bernama) — More companies have announced price reductions for their vehicles, following the implementation of the Goods and Services Tax (GST) effective today.[br] Edaran Tan Chong Motor Sdn Bhd, Mercedes-Benz, Perodua and Sime Darby Auto Connexion have lowered their prices by up to RM10,000, in line with the government’s recommendation and

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GST News

Smooth GST Implementation At Fast Food Restaurants

KUALA LUMPUR, April 1 (Bernama) — The implementation of the Goods and Services Tax (GST) at fast food restaurants in the Klang Valley went about smoothly today. Checks by Bernama found such restaurants continued to be patronised by large crowds of people during lunchtime. According to Noorshaadah Mohd Jaafar, 37, who visited a popular fast

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GST News

Dewan Rakyat: 815 Complaints Received On First Day Of GST Implementation

KUALA LUMPUR, April 2 (Bernama) — A total of 815 complaints were received on the Goods and Services Tax (GST) on the first day of its implementation yesterday, the Dewan Rakyat was told Thursday.[br] Deputy Finance Minister Datuk Ahmad Maslan said out of the total, 40 per cent were complaints on purchase of prepaid telephone

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GST News

GST on Healthcare

While healthcare is generally supposed to be exempt from the upcoming GST, the reality is more complicated.[br] Most Malaysians probably breathed a sigh of relief when it was initially announced that healthcare would, in general, be exempted from the upcoming Goods and Services Tax (GST). After all, one does not choose to fall sick, so

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GST News

Banks To Absorb GST Cost For MEPS Service ?

PUTRAJAYA, April 2 (Bernama) — The Muslim Consumers Association of Malaysia (PPIM) has urged Malaysian banks to absorb the six per cent cost of the Goods and Services Tax (GST)imposed on the Malaysian Electronic Payment System (MEPS) service.[br] PPIM chief activist Datuk Nadzim Johan said customers using the MEPS for withdrawals at ATMs would be

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GST News

PM Goes Shopping, Observes GST Implementation

PETALING JAYA, April 1 (Bernama) — Prime Minister Datuk Seri Najib Tun Razak surprised shoppers by appearing at a hypermarket in Kota Damansara here on the first day of the implementation of the Goods and Services Tax (GST). Najib, who was attired in dark pants and a white, long-sleeved shirt, arrived at the hypermarket at

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