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Local watch brand making a mark in the industry.
PETALING JAYA: Taxpayers who have missed the Sept 30 deadline for the Special Voluntary Disclosure Programme (SVDP) can still make voluntary disclosure of their unpaid taxes.
Hong Kong is in technical recession, while Singapore narrowly evaded one, charting a growth of a measly 0.1% in the third quarter. The United States, Europe and Britain are all experiencing a slowdown in the economy.
PETALING JAYA: British American Tobacco (M) Bhd (BAT) registered a 42% year-on-year decline in net profit to RM84.8mil for the third quarter of the financial year ending Dec 31,2019 (FY19), on lower volume.
THE Malaysian Finance Minister delivered the 2020 budget proposals on Oct 11,2019 following extensive consultations with a total of 12 Focus Groups, involving over 2,500 people representing over 1,200 organisations.
KUALA LUMPUR: Finance Minister Lim Guan Eng will have to strike a right balance between the cyclical need of juicing up growth at a time of heightened global uncertainties, and the structural necessity of curtailing government debt build-up, said an economist.
Federal Govt Budget RM297.02bil of which 45.1% will come from income tax; non-tax revenue 18.4%, borrowings 17.7%, indirect tax 15.9% and other direct tax 2.9%.
PETALING JAYA: A day before Budget 2020, the World Bank has recommended that the government broaden the coverage of items under the sales and service tax (SST) and expand personal income taxes, among potential measures to diversify Malaysia’s sources of revenue.
KUALA LUMPUR: The government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers, says the World Bank Group.