PUTRAJAYA, May 15, 2014: The government has established a Goods and Services Tax (GST) Monitoring Committee to ensure the implementation of the tax system in the nation would proceed smoothly. The Finance Ministry in a statement today said the committee is responsible to ensure policies, laws and guidelines pertaining to the tax are ready, and to also monitor the implementation readiness of government agenc ...

Mar 20, 2014: Nearly 16,000 restaurants will immediately collect the 6% Goods and Services Tax (GST) upon its implementation in April 2015, Deputy Finance Minister Datuk Ahmad Maslan said. In comparison, just 4,357 restaurants collect the Sales and Services Tax for the government. “The reason for the increase is because the GST is applicable to businesses with annual sales of RM500,000 against the SST which ...

KOTA KINABALU, Dec 7: It is likely that more Sabahans will not be able to afford to buy houses once the six per cent Government Services Tax (GST) is implemented on April 1 next year. Despite about 50,000 units of affordable homes believed planned for Sabah in five years, Sabah Housing and Real Estate Developers Association (Shareda) fears that more Sabahans may not be eligible for housing loans. Naturally, ...

KUALA LUMPUR, Nov 21: Media practitioners must play an important role in explaining to the public, especially on the Goods and Services Tax (GST). Chief Secretary to the Government Tan Sri Dr Ali Hamsa said the policy must be explained in the best possible manner so that the people would not be confused, and able to dispel negative perceptions by those reports saying otherwise. He said the media must clarif ...

KUALA LUMPUR, Oct 31: The government is ready to deal with any possibility of an increase in prices of goods and the inflation rate following the introduction of the goods and services tax (GST), says Deputy Minister of International Trade and Industry, Datuk Hamim Samuri. "According to economic experts and other opinions, there will be a slight increase in the prices of goods during the transition stage, d ...

KUALA LUMPUR, Oct 31: Proper planning was made by the government to implement the Goods and Services Tax (GST) in April 2015 to ensure it will not burden the people, especially the low income earners, said Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar. He said this could be seen from several packages provided by the government in a move to reduce the impact of the GST implementatio ...