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Business

2007 GST to be broad-based

Today we publish the first of a series of four weekly articles on the issue related to goods and service tax (GST) and its impact on selected industries and services. In the first instalment, Bhupinder Singh discusses the impact of the tax on financial institutions in Malaysia.

Business

GST and input tax incurred

The goods and services tax comes into effect on Jan 1, 2007. Through this cooulmn PricewaterhouseCoopers senior executive director Wan Heng Choon (pic) gives an insight on this tax.

Business

Towards more business friendly dealings

This article explains how one can benefit from the new Customs rulings regime.

Business

Service tax – paradigm shift needed to push for growth of services sector

On every Monday and Wednesday leading up to Budget 2010 announcement, PricewaterhouseCoopers will discuss tax issues to help Malaysia achieve its objective of becoming a high-income society.

Business

Service tax ‘not positive move’

PETALING JAYA: The Government proposes that the service tax be increased from 5% to 6% and that it be imposed on paid television broadcasting services.

Business

Highway toll rates unlikely to go up

PETALING JAYA: Will more tolls be abolished or will there be a moratorium on toll hikes for all tolled highways in the country now that Prime Minister Datuk Seri Najib Tun Razak has announced the abolition of toll for a stretch of the East-West Link Highway and a five-year moratorium on toll hikes for the Kuala Lumpur-Karak Highway and the first phase of the East Coast Highway?

Business

Gearing GST towards public acceptance

GOODS and Service Tax (GST) is tax on what is spent and not on what is earned. Earlier on March 30, 2010, Prime Minister Datuk Seri Najib Tun Razak unveiled the New Economy Model (NEM) and it recognises that a wider tax base is an important part of reforms, where the introduction of GST is a key component. It was reported that a more diversified tax base is needed to compensate for an expected future reduction in the share of revenue from oil and gas.

Nation

Producer of goods concerned that costs will increase

PETALING JAYA: The Federation of Malaysian Manufacturers says if the range of taxable products is broadened under the Sales and Service Tax, the cost to manufacturers and importers will increase.

Nation

Old SST exemptions mean more cash for people

PETALING JAYA: Your flight tickets, children’s tuition fees, ATM transactions and Astro bill used to be subjected to the 6% Goods and Services Tax (GST).

Nation

No SST for essential items

PETALING JAYA: The Customs Department has proposed exemptions on a long list of consumer goods including poultry, fish, milk, vegetables and various types of sugar when the Sales and Service Tax is reintroduced.