Tax on social media giants under study

Ongoing research: The proposed taxation on social media giant was mooted during a luncheon talk between Dr Ahmad Zahid, media editors and publication permit holders recently.

THE Ministry of Finance is conducting a detailed study on the proposed taxation on giant technology companies and social media such as Google and Facebook.

Second Finance Minister Datuk Seri Johari Abdul Ghani said the matter was out of necessity, as well as to seek the best taxation mechanism and model.