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Sales Tax

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Malaysia overtakes Thailand as ASEAN's second-biggest auto market

Malaysia overtakes Thailand as ASEAN's second-biggest auto market

Sales tax exemptions for domestically produced vehicles provided a tailwind for the national car brands Perodua and Proton.
Fri May 17 2024
Dewan Negara passed five bills

Dewan Negara passed five bills

The Dewan Negara today passed five bills related to the departure levy, sales tax, goods vehicle levy, windfall profit levy, and service tax.
Tue Aug 16 2022
Vehicle sales tax exemption deadline remains on June 30 - MoF

Vehicle sales tax exemption deadline remains on June 30 - MoF

The deadline for the sales tax exemption for the purchase of passenger vehicles remains on June 30, 2022, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
Mon Jun 20 2022
Four more months to enjoy car sales tax exemption incentive - Tengku Zafrul

Four more months to enjoy car sales tax exemption incentive - Tengku Zafrul

MOF under Budget 2022 had extended the car sales tax incentive exemption period until June 30, 2022.
Fri Feb 25 2022
Budget 2022 initiatives to drive Malaysia's EV sector ahead

Budget 2022 initiatives to drive Malaysia's EV sector ahead

The government's incentives to boost the electric vehicles (EV) sector, including full exemption of import duties, excise duties and sales tax is set to catalyse demand and electrify the EV market.
Thu Nov 11 2021
Budget 2022: EV gets boost from exemption of various taxes

Budget 2022: EV gets boost from exemption of various taxes

The government has decided to give full exemption of import duty, excise duty, as well as sales tax for electric vehicles (EVs) as it seeks to support the local EV industry.
Fri Oct 29 2021
Sarawak tax revenue from petroleum products to help those impacted by pandemic

Sarawak tax revenue from petroleum products to help those impacted by pandemic

The state has netted an extra RM6.8 billion which has been used for the benefit of the people.
Sun Oct 24 2021
Stronger vehicle sales forecast for first-half than second-half of 2021 - MAA

Stronger vehicle sales forecast for first-half than second-half of 2021 - MAA

The extension of the sales tax exemption plays an important role in helping to spur vehicle sales in the first half of the year.
Fri Mar 26 2021
Vehicle sales tax exemption extended until June 2021 - MOF

Vehicle sales tax exemption extended until June 2021 - MOF

The Ministry of Finance (MOF) has announced the extension of the vehicle sales tax exemption period by a further six months until June 30, 2021.
Tue Dec 29 2020
Vaccine supply, bill on temporary measures of govt financing for COVID-19 focus of Parliament's last day sitting

Vaccine supply, bill on temporary measures of govt financing for COVID-19 focus of Parliament's last day sitting

Parliament today will focus, among others, on the supply of COVID-19 vaccine from international pharmaceutical company, Pfizer.
Thu Dec 17 2020
MOF tables seven amendment bills for first reading

MOF tables seven amendment bills for first reading

All the bills were tabled by Deputy Finance Minister II Mohd Shahar Abdullah.
Thu Dec 10 2020
Petronas, Sarawak to sign commercial settlement agreement on Dec 7

Petronas, Sarawak to sign commercial settlement agreement on Dec 7

Petronas will sign a commercial settlement on the issues of the states sales tax and oil mining laws on Monday (Dec 7).
Thu Dec 03 2020
Petronas makes full payment of 2019 state sales tax to Sarawak - Abang Johari

Petronas makes full payment of 2019 state sales tax to Sarawak - Abang Johari

The payment of SST by Petronas and its subsidiaries is the result of a settlement reached between Petronas, the Federal Government and the state government.
Thu Sep 17 2020
Dewan Rakyat approves 4 Finance Ministry motions

Dewan Rakyat approves 4 Finance Ministry motions

The Dewan Rakyat today approved four motions tabled by the Finance Ministry on government funding and taxation.
Thu Aug 27 2020
Debate on IPCC 2020 bill postponed to next Dewan Rakyat session

Debate on IPCC 2020 bill postponed to next Dewan Rakyat session

The second reading of the Independent Police Conduct Commission (IPCC) 2020 Bill scheduled at the Dewan Rakyat today has been postponed to the next session.
Thu Aug 27 2020
[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.
Tue Nov 26 2024
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
Tue Nov 26 2024
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Tue Nov 26 2024
Man charged with mother's murder, storing body in freezer

Man charged with mother's murder, storing body in freezer

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Tue Nov 26 2024
Abolition of examination in schools to reduce pressure on pupils - Fadhlina

Abolition of examination in schools to reduce pressure on pupils - Fadhlina

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Tue Nov 26 2024
Google, Meta urge Australia to delay bill on social media ban for children

Google, Meta urge Australia to delay bill on social media ban for children

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Tue Nov 26 2024
Judge tosses Trump 2020 election case after prosecutors' request

Judge tosses Trump 2020 election case after prosecutors' request

It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.
Tue Nov 26 2024
DHL plane crash in Lithuania leaves authorities searching for answers

DHL plane crash in Lithuania leaves authorities searching for answers

Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).
Tue Nov 26 2024
National squad to hold friendly matches for 2025 Indoor Hockey World Cup

National squad to hold friendly matches for 2025 Indoor Hockey World Cup

The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).
Tue Nov 26 2024
G7 seeks unity on ICC arrest warrant for Netanyahu

G7 seeks unity on ICC arrest warrant for Netanyahu

The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Tue Nov 26 2024