In announcing the impending rollout of the new regulation, Finance Minister Lim Guan Eng quipped that it would be the first important task for the new chairman of the Securities Commission (SC).
KUALA LUMPUR: The federal government will distribute the 50% tourism tax revenue to state governments in the first quarter of 2019, says Finance Minister Lim Guan Eng.
He said the distribution would be made after the tourism tax revenue accounts for 2018 had been finalised.
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