Taxation

Economist Shreds Trump’s $4 Trillion Tariff Claim: ‘It’s a Tax on Americans’

The CBO's tariff forecast is questioned by economist Wolfers, emphasizing higher consumer costs and shifting tax burdens onto ordinary Americans.

8 months ago

E-invoicing: Government Rejects Exemptions for Hardware Stores

The Malaysian Ministry of Finance mandates e-invoicing for hardware stores, rejecting exemptions under RM500 to prevent loopholes and enhance digitalisation.

8 months ago

Malaysia’s SST Expansion Reshapes Real Estate: Higher Costs, Tenant Shifts, and Investment Challenges

Malaysia’s new SST hikes commercial rental and construction costs, impacting tenants, landlords, developers, and investment yields.

9 months ago

High-Income Earners Contributed 86% of Malaysia’s RM37.77b Income Tax in 2023

High-income earners contributed significantly to Malaysia's 2023 income tax revenue, prompting government efforts to enhance tax administration.

9 months ago

Rafizi Warns GST Return Would Hit Low-Income Families, Drive Inflation

Rafizi Ramli warns that reinstating GST will burden low-income families and increase inflation, advocating for wage reforms before any tax…

9 months ago

Hartalega Faces RM101mil Additional Tax Bill from IRB

Hartalega NGC has received RM101.36 million in tax assessments from the IRB for 2017 to 2022 and is considering legal…

9 months ago

High value added tax kicked out

Prime Minister Anwar Ibrahim announced the HVGT won't be implemented, integrating its concept into revised sales tax rates for luxury…

9 months ago

Shopping Mall Operators Urge SST Review Amid Rising Costs

The Malaysia Shopping Malls Association urges government tax reviews to mitigate rising operational costs, ensuring sustainability and job preservation.

9 months ago

PH MPs Urge Selangor to Delay Parking Privatisation, Cite Public Interest Concerns

Four Pakatan Harapan MPs request delaying the Selangor parking privatisation scheme citing legal concerns and prioritizing private interests.

10 months ago

Malaysia’s SST on Imported Fruits Boosts Local Produce Demand

The SST on imported fruits aims to increase demand for local produce, boosting Malaysian agriculture and coffee industries.

10 months ago

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