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Business

Businesses must know how to file Goods and Services Tax returns or risk costly mistakes

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.

Business

Challenges of a new tax regime

The GST is a tax reform that is seen to be efficient and fair although the biggest obstacle is selling the idea to the people.

Business

Govt does not expect immediate sharp increase in revenue

THE Government does not expect an immediate sharp increase in its revenue as a result of implementing the Goods and Services Tax (GST).

Business

IMF says govt has taken impressive efforts on public awareness of GST

THE Government has taken “unprecedented’ steps to ensure the smooth implementation of the Goods and Services Tax (GST) come April 2015, experts say.

Business

GST will lead to reduction in Malaysia’s shadow economy

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.

Nation

Foreign experts to share experiences on GST at seminar

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.

Nation

PM: GST is the best solution

KUALA LUMPUR: Malaysia needs the goods and services tax (GST) to allow the Government to continue developing the country, said Datuk Seri Najib Tun Razak.

Nation

Misled over GST

As citizens and consumers, we should interpret the real advantage of the system with wisdom and practicality.

Business

Govt sees 123,000 companies registered under GST

KUALA LUMPUR: The Government is confident 123,000 companies will be registered under the Goods and Services Tax (GST) by the end of September.

Business

Firms implementing GST next year urged to register quickly

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.