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KUALA LUMPUR: The previous government has not been able to refund companies their tax credit that came about following the implementation of the Goods and Services Tax (GST) because 93% of the money was not placed in the correct account, Finance Minister Lim Guan Eng revealed.
KUALA LUMPUR: The previous government has not been able to refund companies on their tax credits that came about following the implementation of the Goods and Services Tax because 93% of the money was not placed in the trust account, Finance Minister Lim Guan Eng revealed yesterday.
KUALA LUMPUR: A former Treasury secretary-general may have been responsible for RM18bil missing from a trust fund that was meant to hold Goods and Services Tax (GST) refunds.
KUALA LUMPUR: Some RM18bil or 93% of the RM19.4bil input tax credit under the Goods and Services Tax (GST) system since 2015 had been misappropriated by the previous administration, claimed Finance Minister Lim Guan Eng.
KUALA LUMPUR: A Supply Bill was tabled in Dewan Rakyat to redistribute RM3.06bil to several ministries and agencies, following some restructuring by the Pakatan Harapan Government.
KUALA LUMPUR: An emotionally-charged Lim Guan Eng revealed that refunds for the Goods and Services Tax (GST) were delayed as the money was "robbed" and spent first by the previous Barisan Nasional Government.
PUTRAJAYA: The tabling of a supplementary budget bill is normal and should not be a big issue, said Datuk Seri Johari Abdul Ghani.
KUALA LUMPUR: The Finance Ministry has tabled the Supplementary Supply (2017) Bill 2018, requesting over RM7bil to cover expenses.
THE Royal Commission of Inquiry into the foreign exchange losses suffered by Bank Negara Malaysia (BNM) back in 1990s has recommended that three people be probed over their involvement and liability.