My Sinchew/ GST

GST implementation a great success

Despite earlier objections, the implementation of the Goods and Services Tax (GST) at a rate of six per cent since April 1, 2015, has been a great success.

Be prepared for a new wave of price hikes

The government must come up with a more effective mechanism to revitalize the economy so that the people's incomes can also increase proportionately.

No more complaints about GST: Subromaniam

"We begin to receive positive feedback from the public seven months into the GST implementation. People have come to understand and we no longer hear complaints about it."

Govt reimburses RM5bn in GST refunds

The government has to date reimbursed approximately RM5 billion in Goods and Services Tax (GST) refunds to companies, said Deputy Finance Minister Datuk Chua Tee Yong.

No reduction in GST rate

Abdul Wahid Omar hints that the government will not lower the 6% GST rate in 2016 Budget.

92% GST refunds disbursed

The Royal Malaysian Customs Department has disbursed 92 per cent of the goods and services tax (GST) refunds to the registered traders for the period April to June, 2015 within 14 days as stipulated.

No decision yet on deferment of July deadline: Customs

Customs Department.deputy director-general Datuk Subromaniam Tholasy pointed out that his department was considering the request to postpone the July 31 deadline for the submission of GST returns but so far he said no decision had been made yet.

Customs promises refund by end-July: Kong

he Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) tax division chief Kong Ling Long said the Customs Department had promised to resolve by the end of this month the issue of input tax refunds of some 70,000 businesses with annual turnovers in excess of RM5 million.

Tax refunds in weeks: Subromaniam

The Customs Department GST Director Datuk Subromaniam Tholasy today urged local traders to submit their first tax statements as soon as possible, adding that their input tax would be refunded within a few weeks if there was no problem with their applications.

10% service charge not going to govt: deputy minister

The 10 per cent service charge imposed by hotels and restaurants is not collected by the government as sales tax.



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