Collection of consumption-based tax lower after SST reimposition - MoF
The Ministry of Finance states that the average annual SST collection was 51.6% lower than GST due to the smaller scope of the SST.
Wed Jul 10 2024
No final decision on SST hike for electricity, water
Datuk Seri Fadillah Yusof said it is because there are pertinent issues, such as who is entitled to exemption, that needs to be discussed.
Wed Feb 28 2024
SST tax epansion revenue to benefit more people - Analysts
The additional revenue from sales and service tax (SST) expansion to 8.0 per cent from 6.0 per cent effective March 1, 2024 can benefit the rakyat
Mon Feb 12 2024
Malaysia’s tax collection among the lowest in the region
Prof Emeritus Dr Barjoyai Bardai said Malaysia fell behind Singapore and Thailand and is struggling to catch up.
Mon Feb 12 2024
No plan to implement GST, govt focusing on targeted subsidies - Ahmad Maslan
Datuk Seri Ahmad Maslan said the government will implement the taxes as mentioned in Budget 2024 next year.
Tue Nov 28 2023
Reconsider proposals relating to SST - Guan Eng
According to Budget 2024, the govt plans to increase SST rate to 8.0 pct, not inclusive of services such as F&B and telecommunications.
Wed Oct 18 2023
SST increased to 8 pct, capital tax at 10 pct and luxury goods introduced
Datuk Seri Anwar Ibrahim said tax collected by the govt is one of the lowest in ASEAN at 11.8 pct of GDP compared to Singapore and Thailand.
Fri Oct 13 2023
Choice between SST, GST hinges on nation's economic goals - MOF
Despite the differences in structures, both the SST and GST offer an important fiscal tool to fund government programmes and projects.
Fri Oct 13 2023
Not the right time to bring back GST - Deputy Finance Minister
The government is not disputing the goods and services tax (GST), but rather the timing to implement it, says Deputy Finance Minister Steven Sim.
Mon Sep 25 2023
Projects issued SST will not be cancelled - Anthony Loke
Projects that have been awarded SST will not be cancelled even if they were done via direct negotiations, said Transport Minister Anthony Loke Siew Fook.
Thu Dec 22 2022
RM4.8 bln govt revenue loss from SST exemption on purchase of vehicles since 2020
The current SST exemption for the purchase of vehicles which was first announced on June 5, 2020 has resulted in the loss of RM4.8 billion in revenue to date.
Thu Jun 16 2022
GST better than SST, says World Bank
The GST is better than the SST because the GST widen a country's tax base and brings in more revenue, said the World Bank Group lead economist Dr Apurva Sanghi.
Mon Jun 13 2022
Experts: GST is great but fix problems before reintroduction
With the twin shocks of increased spending and economic downturn, Malaysia is in sore need of funds to replenish its depleted coffers.
Fri Jun 10 2022
108 project acceptance letters issued as at November - Fadillah
Fadillah said it was the ministry's effort in implementing the economic recovery agenda for the construction sector.
Thu Nov 18 2021
Ministry to hand over 120 project acceptance letters soon - Fadillah
Fadillah said this included improving the people's infrastructure in terms of connectivity, comfort and safety.
Sat Oct 16 2021
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024