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‘RM19bil GST collected, RM18bil taken’
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.
‘Of RM19bil input tax credit, RM18bil taken by last govt’
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.
Guan Eng: Former sec-gen of Treasury might be responsible for missing RM18bil
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.
Guan Eng: RM18bil input tax credit ‘robbed’ by BN administration
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.
New Economic Affairs Ministry gets bulk of Supply Bill’s RM3bil allocation
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.
GST refund money 'robbed' by BN govt, says Guan Eng when rebuffing Khairy
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.
Supplementary budget seeking RM7.1bil not big issue says Johari
PUTRAJAYA: The tabling of a supplementary budget bill is normal and should not be a big issue, said Datuk Seri Johari Abdul Ghani.
Finance Ministry requests extra RM7bil
THE Finance Ministry has tabled the Supplementary Supply (2017) Bill 2018 requesting more than RM7bil to cover expenses.
Finance Ministry tables RM7bil Supplementary Supply Bill
KUALA LUMPUR: The Finance Ministry has tabled the Supplementary Supply (2017) Bill 2018, requesting over RM7bil to cover expenses.
Mahathir, Anwar and Nor Mohamed implicated over BNM forex losses
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.
