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.
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.
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.
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.
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.
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.
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.
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.
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.
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.