News Updates

KUALA LUMPUR – 1Malaysia People’s Aid (BR1M) recipients who fail to get their money through their bank account can claim the aid in cash at any Bank Simpanan Nasional (BSN) branch.

Finance Deputy Minister Datuk Chua Tee Yong said the technical hitch was due to incorrect bank account number given by the recipients in their application [...]

CYBERJAYA – Taxpayers can now pay their income tax using Visa, MasterCard and American Express credit cards as well as debit cards issued by banking institutions in the country, said Deputy Finance Minister Datuk Ahmad Maslan.

He said the new tax payment method can be done through the ‘ByrHASIL’ portal provided by the Inland Revenue Board [...]

PUTRAJAYA – A total of 973,067 applicants for the Bantuan Rakyat 1Malaysia (BR1M) aid scheme who have been rejected can submit their appeals at the latest by March 31, said Deputy Finance Minister Datuk Ahmad Maslan.

He said the appeal could be made manually by filling in an appeal form which could be downloaded from ebrim.hasil.gov.my. [...]

KUALA LUMPUR – The Customs Department has issued compounds of RM15,000 to 100 companies for failing to register for the Goods and Services Tax (GST) by the Feb 28 deadline.

The compounds came in the wake of a crackdown yesterday by the department in Johor, Kedah, Kelantan and Terengganu.

Companies with an income threshold of RM500,00 had [...]

The Communications and Multimedia Ministry through the Malaysian Communication and Multimedia Commission (MCMC) will discuss with telecommunication companies (telcos) to have them reduce their current service charge.

Minister Datuk Seri Ahmad Shabery Cheek said they would also make a structural review of the payment for broadband service because the cost for the installation of the fibre [...]

KUALA LUMPUR – The maintenance fees for residential stratified properties, namely people housing projects, apartments and condominiums will be exempted from the Goods and Services Tax (GST), Deputy Finance Minister Datuk Ahmad Maslan said.

He said the GST was supposed to be imposed on maintenance fees for residential stratified properties, but after deliberations, the government had [...]

KUCHING, Feb 26 – When the government realises its objective of having an Urban Transformation Centre (UTC) in each state capital, phase two of the initiative will possibly see more UTCs in Sarawak considering the vastness of the state, said Prime Minister Datuk Seri Najib Tun Razak.

He said, however, this would depend on increased revenue [...]

Only 380 out of 5,000 eligible cooperatives have registered for the Goods and Services Tax (GST), Cooperative Commission of Malaysia (SKM) executive chairman Datuk Nik Ali Mat Yunus said.

He said SKM would intensify efforts to raise awareness to ensure that it would meet its target of getting all eligible cooperatives to register before the GST [...]

The production of highly creative, innovative and value-added products should be given utmost priority instead of just price competitive products, says Prime Minister Datuk Seri Najib Tun Razak.

“If we continue to compete just on pricing based on low inputs then we will only compete at a low level and reap less returns on investments,” he [...]

The restriction on businesses against raising their profit margin upon the Goods and Services Tax (GST) implementation has received mixed response from industries which felt that the government should instead monitor the prices closely from the initial supply chain.

Royal Malaysian Customs Department GST Director Datuk Subromaniam Tholasy was reported as saying that traders should not [...]

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