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Budget 2019


Tax amnesty programme will improve tax collection, says Ernst & Young

KUALA LUMPUR: The government's special programme to encourage taxpayers to declare unreported income within a limited time period to enjoy low penalty rateswill encourage voluntary disclosures and improve tax collection in the short term, says Ernst & Young Tax Consultants Sdn Bhd.

Amarjeet Singh, partner and Malaysia tax leader at Ernst & Young Tax Consultants Sdn Bhd: “Other countries such as Indonesia and Thailand have introduced similar tax amnesty programmes to positive effect."

Increase in gaming taxes credit negative for Genting, says Moody’s

PETALING JAYA: The hike in taxes, fees and levies on the gaming industry, particularly the increase in casino duties of up to 35%, is credit negative for Genting Bhd, said Moody’s Investors Service.

Najib sarcastically 'congratulates' Pakatan over Petronas rating

PETALING JAYA: Former premier Datuk Seri Najib Tun Razak has sarcastically "congratulated" the Pakatan Harapan government over the downgrading of Petronas' outlook from stable to negative by Moody’s Investors Service.

Malaysia's sustained public accounts transparency is credit positive, says Moody's

KUALA LUMPUR: Malaysia's Budget 2019 indicates greater transparency in the country's public accounts and a focus on inclusive growth, which if sustained, will be credit positive, says Moody's Investors Service.

Malaysia's Budget 2019 indicates greater transparency in the country's public accounts and a focus on inclusive growth, which if sustained, will be credit positive, says Moody's Investors Service.

Higher gaming tax credit negative for Genting, says Moody's

KUALA LUMPUR: Moody's Investor's Service views the higher axes, fees and levies on the gaming industry as credit negative for the gaming industry.

Property sector deemed winner during Budget 2019

PETALING JAYA: The various property-related measures announced during Budget 2019 will help to drive property sales and lower the number of unsold units for developers.

Imported online service tax to be in stages

PUTRAJAYA: The process of implementing new taxes on imported online services will be carried out in stages, says the Finance Ministry’s budget director Johan Mahmood Merican.

Genting Malaysia assessing implication of additional duties

PETALING JAYA: Genting Malaysia Bhd said it is currently assessing the implication of the additional casino duties and fees announced by the government during Budget 2019.

Budget is ‘not expansionary’

KUALA LUMPUR: Budget 2019 is not expansionary as it initially appears to be, but rather contractionary in nature, according to the Finance Ministry’s budget director Johan Mahmood Merican.

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Govt gathering input on fuel subsidy

SHAH ALAM: The government has begun gathering input from stakeholders on how to effectively formulate the targeted fuel subsidy mechanism, says Domestic Trade and Con­sumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

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