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KUALA LUMPUR: The Federal Government has been advised to continue with efforts to increase revenue through various sources and to adopt prudent spending, said the Auditor-General's Report 2018, the Federal Government's Financial Statements.
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.
WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan
A TAX officer went to buy a bicycle for his kid. The seller asked if he would like to get a receipt and pay the tax, which will result in higher price, or buy the bicycle without the receipt and purchase it at a lower price. So, the tax inspector paused and thought for a moment on, “What should I do?”
NEW DELHI: India’s economy is set for a major boost if Prime Minister Narendra Modi follows through with key campaign promises following his party’s sweeping election victory.
PETALING JAYA: The International Air Transport Association (IATA) has expressed disappointment with the passing of the Departure Levy Bill by Dewan Rakyat, and is urging for its implementation to be reconsidered.
ONE of the most hated tax is the “inheritance tax” which hardly anyone pays in many countries. An inheritance tax, sometimes referred to as an estate tax, may apply to that accumulated amount so that the government can still get a piece of the action even after the family has held a wonderful service for the one who passed away.
PRIMARY Industries Minister Teresa Kok Suh Sim proves me pleasantly wrong during a two-hour exclusive interview at her office in Putrajaya this week.
BUKIT TENGAH: Chin Well Holdings Bhd is diversifying into the warehousing business as the company makes plans for its new RM12mil automated warehouse in Shah Alam to start operations this year.
Comment - By Lee Heng Guie WE understand the government has to make choices and trade-offs to manage the medium-term fiscal challenges and limitations. It is indeed a tough and challenging political balancing act for the Finance Minister to craft a responsive budget without impairing growth and worsening the fiscal deficit.