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Nation 05 Nov 2018 | 5:04 AM

Sarawak to charge 5% sales tax on petroleum products from next year

KUCHING: Sarawak will impose a 5% sales tax on petroleum products starting next year as a new source of revenue to support the state's development agenda.

Economy 03 Oct 2017 | 7:28 AM

Moody’s: Benefits of sales tax hike in Japan outweigh negatives

TOKYO: The benefits of raising Japan’s sales tax again outweigh the negatives, even if Prime Minister Shinzo Abe diverts some of the additional revenue to education and welfare, an official at ratings agency Moody’s Investors Service said on Tuesday.

World 03 Dec 2016 | 11:55 PM

India fails to break deadlock on new sales tax

NEW DELHI (Reuters) - Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

World 18 Apr 2016 | 3:53 PM

No change to sales tax plan barring financial crisis or major natural disaster - Japan PM

TOKYO (Reuters) - Tokyo is sticking with plans to raise the sales tax next year, barring a financial crisis or a major natural disaster, Prime Minister Shinzo Abe said on Monday, without saying whether two deadly quakes in southern Japan qualified as such as disaster.

Economy 22 Jan 2016 | 6:00 AM

Japan finance ministry vows to implement 2017 sales tax hike 'without fail'

TOKYO: Japan will raise its sales tax to 10% from 8% in April 2017 "without fail" to win trust from markets and other countries, Finance Minister Taro Aso said on Friday.

Japan 30 May 2014 | 10:23 AM

Sales tax hike dents Japanese economy

TOKYO: Japan's economy stumbled last month as a sales tax hike and creeping inflation dented consumer spending and factory production, fresh data showed Friday, underscoring the fragility of the nation's recovery.

Business 01 Dec 2006 | 12:00 AM

Sabah tourism players not happy with sales tax plan

Sabah's tourism players want to give their input before the state government proceeds with a plan to impose a state sales tax on the industry.

Nation 21 Apr 2015 | 12:00 AM

Only three firms claimed sales tax refunds

PUTRAJAYA: Only three out of 75,000 companies have claimed sales tax refunds for stock on hand since Goods and Services Tax (GST) was implemented.

Nation 07 Sep 2017 | 12:00 AM

Dr M: Sales tax may replace GST

PETALING JAYA: A Pakatan Harapan federal government will need to bring back the sales tax to replace the Goods and Services Tax (GST) which it intends to abolish if it wins the 14th general election (GE14), says its chairman Tun Dr Mahathir Mohamad.

World 09 Nov 2014 | 1:25 PM

Japan PM Abe considers sales tax hike delay, snap election - media

TOKYO (Reuters) - Japan's Prime Minister Shinzo Abe is considering dissolving the lower house of parliament and calling a snap election if he decides to delay a plan to raise the sales tax next year, the Yomiuri newspaper reported.