Domestic Trade, Co-operatives and Consumerism Minister, Datuk Seri Hasan Malek has envisaged a variety of mechanisms to reduce the people’s hardship to be announced by Prime Minister Datuk Seri Najib Tun Razak in the 2015 Budget next week.

Speaking to reporters Thursday, he said this would include an increase in the amount of the 1Malaysia People’s [...]

The registration exercise for the Goods and Services Tax (GST)has attracted about 71,916 companies as of Oct 1.

Royal Malaysian Customs Department Deputy Director General (GST) Datuk Zainul Abidin Taib said on Sept 30, the number of registrations jumped by 6,000 companies.

“The figure is very encouraging based on the GST awareness and other overall programes being [...]

Prime Minister Datuk Seri Najib Tun Razak today assured Malaysians that the Goods and Services Tax (GST), a progressive tax system to be implemented on April 1, 2015, will not burden them.

He said the new tax structure, which is adopted by 90 per cent of the countries in the world, must be implemented in Malaysia [...]

The Goods and Services Tax (GST) will see accountants and tax agents play an important role before and after the new tax regime is implemented on April 1, 2015.

The implementation of GST has a wide-ranging implications on businesses and companies are required to get their businesses a GST-compliant financial system and GST-accounting sofware.

“All authorised accountants [...]

The 2015 Budget, scheduled to be tabled in Parliament in October, will continue to stimulate growth, and improve fiscal position and the people’s standards of living, said Datuk Seri Najib Tun Razak.

The prime minister said the country needed a responsible budget that lived up to the people’s expectations in the march towards attaining Vision 2020 [...]

The National Institute of Public Administration (Intan) will appoint 67 Goods and Services Tax (GST) advocators soon to intensify efforts to inform and explain GST to the people nationwide.

In Sabah, its Sabah campus director Jamaluddin Mohd Ali said six officers would be appointed and trained to give information and clarification in a simple language that [...]

When the Good and Services Tax (GST) comes into effect next April, consumers should check their payment receipts to ensure that the GST they pay goes to the country’s coffers and not pocketed by unscrupulous traders or businesses.

The GST Director for the Royal Malaysian Customs Department Subromaniam Tholasy said consumers could check on the GST [...]

The Royal Customs Department has asked companies and individual business owners to make the obligatory registration for the goods and services tax (GST) before Dec 31, 2014 to avoid action being taken against them.

Customs Department Director-General, Datuk Seri Khazali Ahmad, said since registration opened on June 19, of the estimated 300,000 potential registrants for the [...]

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