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M’sian firms should prepare for goods and services tax or risk higher costs

KUALA LUMPUR: Malaysian businesses should start to get ready for the implementation of the goods and services tax (GST) next year or risk incurring higher operational costs if they fail to do so, said tax consulting firm Deloitte.


4% GST expected to come into effect in middle of 2011

KUALA LUMPUR: The 4% Goods and Services Tax (GST) is expected to be implemented by the middle of 2011.


Parliament: GST Bill tabled for first reading (Update)

The Goods and Services Tax (GST) Bill has been tabled for first reading in Parliament by Second Finance Minister Datuk Seri Husni noshade size=1 width=50%>


GDP growth for 2010 to be driven by private sector

KUALA LUMPUR: The government is targeting a five percent private sector driven gross domestic product (GDP) growth for next year, said Minister of Finance II, Datuk Seri Ahmad Husni Hanadzlah.


Comprehensive studies carried out on GST: Husni

The government has carried out a comprehensive study on the plan to implement the goods and services tax (GST) to ensure it does not burden the people and at the same safeguard Malaysia's competitiveness, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.


Enough time for goods and services tax implementation

PETALING JAYA: Experts believe the 18-month period given before the goods and services tax (GST) is implemented in late 2011 is enough time to properly disseminate information and educate consumers and businesses.


Govt may impose GST at 4%, says Husni

The government plans to impose goods and services tax (GST) at 4%, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah


Balancing the budget to improve fiscal health

BRIDGING the hefty budget deficit - projected at 7.6% of gross domestic product (GDP) for 2009 - is a key concern if the nation is to improve its fiscal health.


Survey: ACCA members want increase in 'sin' and luxury goods tax

KUALA LUMPUR: A survey among members of the Association of Chartered Certified Accountants (ACCA) indicated they want the government to increase the sin and luxury goods tax, while strengthening the collection of the sales and services tax, as a way to enhance revenue.


General services tax amid slowdown will hurt spending

PUTRAJAYA: The goods and services tax (GST) should not be implemented amid an economic slowdown, said Federation of Malaysian Manufacturers (FMM) president Tan Sri Mustafa Mansur.