Industries told to responsibly navigate SST hike
KUCHING: Industries are urged to exercise responsibility and avoid exploiting the recent sales and service tax (SST) hike. Starting March 1, the SST rate for most services, including overseas-based digital services, will increase to eight per cent from the current six per cent. Currently, only food and beverage, telecommunications, and vehicle parking services are exempt […]
F6 gas production set to rake in RM50m in sales tax
KUCHING: An expected gas production of 150 million standard cubic feet per day (MMscf/d) at the F6 field offshore Bintulu is projected to generate an impressive revenue of approximately RM2.76 million per day. “This, in turn, will translate to a substantial contribution to the Sarawak government’s coffers through sales tax on oil and gas, estimated […]
Economist urges for delay in sales tax on LVG
KUCHING: The imposition of sales tax on low-value goods (LVG) purchased online should be delayed until the global economy is more stable. It was earlier proposed to be effective 1January 2023. Universiti Malaysia Sarawak (UNIMAS) economist Dr Jerome Kueh said the domestic sellers who heavily rely on the online platform for conducting business will be […]
Sales tax may spark in-person shopping
KUCHING: A sales tax on online purchased low-value goods (LVG) will create a fairer playing field for local and imported items which in turn may encourage consumers to return to traditional in-person shopping. Honorary Professor Madeline Berma pointed out that the sales tax will ensure equal tax treatment for locally manufactured and imported goods. Currently, […]
Honda Malaysia’s vehicle sales up 60%
KUALA LUMPUR: Honda Malaysia’s vehicle sales surged by 60 per cent to more than 39,000 units in the first six months of this year compared to the same period in 2021.The Japanese automaker said as at June 30, it contributed 12 per cent to the total industry volume. “(This puts) the company on track to achieve its 2022 sales target […]
More policies needed to encourage public to use electric vehicles
KUCHING: More policies need to be established to encourage the use of electric vehicles, says Dr Hazland Abang Hipni. The Deputy Energy and Environmental Sustainability Minister stated that the government, especially the federal government, should look at the implementation of policies that could cultivate the public’s interest in using electric vehicles. Using Norway as an […]
Senator proposes for Sarawak to collect own sales tax
KUCHING: A Senator has proposed that Sarawak collects its own sales tax to offset the federal tax revenue. Robert Lau Hui Yew said it was time for Sarawak to collect own sales tax and the amount paid by Sarawakians and Sarawak based companies. “Sarawak has her own comptroller of tax. “Use the power. This can […]
You got it all wrong!
Hasidah tells See his claims on Sarawak-Petronas SST talks fallacious KUCHING: Datuk Sharifah Hasidah Sayeed Aman Ghazali has refuted claims that the state government is negotiating on Petroliam Nasional Berhad’s (Petronas) payment of State Sales Tax (SST), describing such claims as ‘fallacious’ and ‘simply not true’. In a Facebook post on Wednesday (July 15), the […]
Import duty, sales tax exemption on face masks for domestic market
KUALA LUMPUR: The Ministry of Finance (MOF) has approved the import duty and sales tax exemption on face masks for the domestic market. The government is cognisant of the difficulties faced by the rakyat in obtaining face masks due to the sharp rise in demand, said its Minister, Tengku Datuk Seri Zafrul Abdul Aziz. “The […]
