Taxing the digital economy


  • Taxation Premium
  • Tuesday, 19 Sep 2017

Royal Malaysian Customs Department director-general Datuk Seri Subromaniam Tholasy at the GST conference 2017 yesterday. - The Star/Sam Tham

KUALA LUMPUR: The Royal Malaysian Customs Department plans to amend the goods and services tax (GST) Act to enable the Government to collect taxes from foreign companies operating in Malaysia under the digital economy.

According to Customs Department director-general Datuk Seri Subromaniam Tholasy, the amendments will allow the Government to tap a segment that is worth “billions of ringgit.”

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , GST , Subromaniam , digital economy , taxation ,

   

Next In Business News

Ringgit seen trading range-bound at RM4.38-RM4.40 against US dollar next week Premium
CPO futures on cautious tone next week Premium
PetChem finds good fit in Sweden’s Perstorp Premium
Short Position - CPO prices, Green hydrogen in Malaysia Premium
Chin Hin Group continues M&A spree Premium
Recovery theme sustains short-term interest in M-REITs Premium
New vehicle sales down 3.6% in April Premium
Khazanah in S. Korean partnership with SK ecoplant Premium
Higher palm oil price boost for Sime Darby Premium
Pharmaniaga’s quarterly revenue rises 21.26% Premium

Others Also Read