Tax Revenue

Elon Musk says the interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs.

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.

Op Samba 2.0 focused on investigations at the cargo section, detected the leakage of tax revenue as much as RM2 billion, according to MACC.

Only part of public sector salaries would be paid this week, keeping up a squeeze on payrolls that lasted for months, the authority said.

Non-tax revenue consists mainly of licenses and permits, petroleum royalty, interest and returns on investment.

The PKPS 2.0 voluntary disclosure programme is an initiative to expand number of taxpayers and encourage tax compliance to increase revenue.

The LVGT is a component of the governments macro-economic strategy and not merely an attempt to increase tax revenue.

Thai police said the country lost more than 100 million baht per year in tax revenues due to fuel smuggling.

MoF said the lower non-tax collection is cushioned by an increase in tax revenue which is expected to record RM218.3 billion.

Putrajaya will continue to implement tax reform initiatives which focused on measures to broaden the tax base including reviewing broad-based incentives, reliefs and deductions.

Tax revenue remains the major contributor to total revenue, consisting of 73.2 per cent of the total share.

Benefits and returns from investments were main contributors to non-tax revenue for 2020, amounting to RM46.07 billion or 74.2 per cent of total non-tax revenue.

The state has netted an extra RM6.8 billion which has been used for the benefit of the people.

The country currently collects only 17 per cent of gross domestic product in tax revenues which is quite low relative to high-income nations.

It has also resulted in the government losing an estimated RM500 million in tax revenue and leaving thousands of jobs at risk.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

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.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.