Impian Hills terrace houses
The Malaysian Retail Chain Association (MRCA) has urged the government to delay the 8% sales and service tax (SST) on rental and leasing services, set to start on July 1, 2025. The MRCA acknowledges the government’s aim to expand the tax base but warns that the new tax will burden retailers already facing rising costs from minimum wage hikes, employee contract stamping, and stricter regulations. This could lead to higher consumer prices due to increased operational expenses across the supply chain. With weaker consumer sentiment amid planned subsidy cuts, retailers may struggle to absorb these costs. The MRCA is engaging with the Finance Ministry to ensure balanced and sustainable policy implementation for the retail sector.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…
Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…
Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…
Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…
The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…
YTL POWER (BUY Maintained, TP:RM3.72) Data centres are gaining traction
This website uses cookies.