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PUTRAJAYA: Businesses who procrastinate in registering with the Customs Department to comply with the Goods and Services Tax (GST) regulations will only lose out as they are bound to make mistakes when the new consumption tax system comes into force. Noting that businesses were the frontliners of the system, department director-general Datuk Seri Khazali Ahmad said mistakes could cost them dearly when the GST goes live on April 1, 2015.
THE Government does not expect an immediate sharp increase in its revenue as a result of implementing the Goods and Services Tax (GST).
THE Government has taken “unprecedented’ steps to ensure the smooth implementation of the Goods and Services Tax (GST) come April 2015, experts say.
KUALA LUMPUR: The introduction of the Goods and Services Tax (GST) will reduce the Government’s dependence on income tax and oil revenue as well as reduce the size of the country’s shadow economy, says Finance Ministry tax division under secretary Datuk Siti Halimah Ismail.
PUTRAJAYA: Experts from several countries that have successfully implemented goods and services tax (GST) will be sharing their experiences on the matter with local industry players next week.
JOHOR BAHARU: Companies implementing the Goods and Services Tax (GST) in April next year have been urged to register quickly.This, said Deputy Finance Minister Datuk Ahmad Maslan, is to enable them to be eligible to levy the new tax and collect it from their customers.