KUALA LUMPUR: The self-declaration mechanism for tax exemption has improved efficiency, saved time and reduced the cost of doing business in Malaysia, said Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud.
He said the mechanism was well-received by companies as the time taken to clear goods had been reduced without the need to obtain bank guarantees.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!