Sarawak chalks RM14.9 billion in sales tax
BETONG: The total collection of State Sales Tax (SST) from 2019 until October 6 this year is RM14.9 billion, said Deputy Premier Datuk Amar Douglas Uggah Embas. He said Sarawak is entitled to impose a state law to collect petroleum products sales tax from 2019 onwards. “It’s not easy to ask for this right (SST).With […]
Get special permit first
KUCHING: Eligible consumers may purchase petrol and diesel from gas stations for personal use if they first apply for a special permit under the Supply Control Act (AKB) of 1961. Domestic Trade and Consumer Affairs Minister (KPDNHEP) Datuk Seri Alexander Nanta Linggi.said this was done to prevent irresponsible parties, small scale businesses, organisations or people […]
Online talk on PDA 1974, anyone?
KUCHING: The Sarawak Initiatives (TSI), a non-profit organisation, will hold a special online webinar on how Sarawak could move forward with the Petroleum Development Act 1974. Entitled “How to move forward on the Petroleum Development Act 1974,” it will be delivered by Alex Ling on March 12 via zoom platform, at 2.30pm. The talk will […]
State receives RM6.8 bln in SST on petroleum products
KUCHING: The Sarawak government received RM6.8 billion from the State Sales Tax (SST) on petroleum products for the period from 2019 to September this year. Chief Minister Datuk Patinggi Abang Johari Tun Openg said that with more revenue, the state has the capacity to implement the Bantuan Khas Sarawakku Sayang (BKSS) assistance packages to absorb […]
Additional revenue of RM15 billion from SST
LAWAS: Sarawak could receive RM15 billion over the next five years from the state sales tax (SST) imposed on its petroleum products. Chief Minister Datuk Patinggi Abang Johari Tun Openg pointed out that Petroliam Nasional Berhad (Petronas) recently settled its outstanding SST payment for 2019 amounting to RM3.1 billion. “I have calculated that we will […]
Move to up Sarawak’s revenue
KUCHING: Datuk Patinggi Abang Johari Tun Openg has something more in mind to increase the state’s revenue further after succeeding in getting additional income from the five percent state sales tax (SST) enforced on petroleum products. The chief minister said Sarawak’s future economy would be very bright through a new financial model that he had […]
Petronas to pay via seven subsidiaries
KUCHING: Petroliam Nasional Berhad (Petronas) will pay the State Sales Tax (SST) to the Sarawak government via seven of its subsidiaries, including Petronas Carigali Sdn Bhd. The subsidiaries, which are involved in the sale of petroleum products in Sarawak, will be registered as taxable persons under the State Sales Tax Ordinance 1998 by August 15 […]
A positive step, says Abdul Karim
KUCHING: The decision by Petroliam Nasional Berhad (Petronas) to withdraw its appeal against the Kuching High Court’s ruling that Sarawak is entitled to collect sales tax on petroleum products shows that Petronas recognises the state’s rights. Parti Pesaka Bumiputera Bersatu (PBB) vice president Datuk Abdul Karim Rahman Hamzah said, “What is more important is also […]
PetDag expects better outlook in the second half of the year
KUALA LUMPUR: Petronas Dagangan Bhd (PetDag) expects a better outlook in the second half of the year (2H 2020), following improvement in petroleum product prices, coupled with a slight growth in demand due to the enforcement of the conditional movement control order (CMCO) which started on May 4, 2020. Managing director and chief executive officer […]
Wong’s claim highly erroneous
KUCHING: Parti Sarawak Bersatu (PSB) president Datuk Seri Wong Soon Koh’s claim that Sarawak government has settled for RM2 billion instead of RM6.775 billion with Petronas is ‘highly erroneous’ and ‘grossly questionable’. According to five Sarawak United People’s Party (SUPP) branches in Sibu, Wong had misled the people of Sarawak with his analysis, which they […]
