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Business

SST – the pros and cons

THE introduction of sales and service tax (SST) in Malaysia has been talked about since the early 1980s, when a group of civil servants from the Treasury and the Royal Customs Department were sent to South Korea to study the VAT (value-added tax) system there.

Business

S’pore retail sales up in December

Retail sales in the city-state rose more than expected in December as consumers rushed to buy items such as automobiles, watches and jewellery before last month's increase in sales tax.

Business

Is Fels really a tyrant?

THE close-up of a blotchy, stern-looking man on the cover of I>Allan Fels: A Portrait of Power/I- and simply the words 'portrait of power', really - conveys the impression that Allan Fels must be a rather tyrannical figure. Not true, says author and journalist Fred Brenchley.

Business

Are we really ready for sales and service tax?

In the 1989 Budget, the Government indicated its intention to introduce a Sales and Service Tax or SST. Elaborate preparations were made by the Customs Department to prepare the way for this new tax. Manpower was beefed up, extensive studies were carried out and a number of Customs personnel were trained in this field.

Business

GST to replace sales and services tax

THIS is the first in a three-part question-and-answer series provided by PricewaterhouseCoopers for I>The Star /I>readers on various aspects of Budget 2005. The next two articles will appear in I>StarBiz /Ion Monday and Tuesday.

Business

Tax refund procedure made easier

This is the second in a three-part question-and-answer series provided by PricewaterhouseCoopers for i>The Star/ireaders on various aspects of Budget 2005. The final part will appear in i>StarBiz/itomorrow.

Business

Abdullah proposes that tax panel hold public hearings on GST

The public will be able to give their views on how the proposed Goods and Services Tax (GST) should be implemented to a panel set up to review the country's tax code.

Business

Malaysia can emulate NZ GST system

KEEP Malaysia's Goods and Service Tax (GST) simple. Use a single tax rate and do not allow too many exemptions. That's the advice to the Government from two academics who said Malaysia should adopt a model similar to New Zealand's when it implements the consumption tax in 2007.

Business

Six Aussie states to get more from GST

Australia's six states and two territories would receive an extra A$3bil over five years from a national goods and services tax (GST), Prime Minister John Howard said yesterday.

Business

Budget sets new direction for economy

TO be sure, the 2005 Budget, tabled recently in the Parliament by Prime Minister Datuk Seri Abdullah Ahmad Badawi, was by no means a #8220;tough#8221; Budget.