malaysia - Tax & Revenue - News

Government to review Tourism Tax - Mohamaddin

PUTRAJAYA, July 3 (Bernama) - The government will review the need to retain the tourism tax to ensure that it would not affect tourist arrivals to the country, said Tourism, Arts and Culture Minister Datuk Mohamaddin Ketapi.
Date: 03 July 2018; Type: Legal News; Source: Bernama

National Tax Conference 2018

The National Tax Conference, co-organised by the Inland Revenue Board Malaysia and the Chartered Tax Institute of Malaysia, will be held on 16 and 17 July 2018 at the Kuala Lumpur Convention Centre. The theme of the conference is 'Taxation in a Changing Economy'.
Date: 02 July 2018; Type: Industry Updates; Source: Inland Revenue Board

IRBM introduces New Stamping Application

KUALA LUMPUR, June 28 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) will be implementing a new stamping application process through the introduction of the Digital Franking System 2.0 (DFS 2.0).
Date: 28 June 2018; Type: Industry Updates; Source: Bernama

IRBM, CTIM to host National Tax Conference 2018

KUALA LUMPUR, June 26 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) and the Chartered Tax Institute of Malaysia (CTIM) will host the National Tax Conference (NTC) themed 'Taxation in a Changing Economy' from July 16-17 at the Kuala Lumpur Convention Centre.
Date: 26 June 2018; Type: Industry Updates; Source: Bernama

Special Committee to monitor Prices after Zero GST

KOTA KINABALU, June 20 (Bernama) - An activist on human rights and consumerism in Sabah today suggested the setting up of a special committee to ensure traders and wholesalers in Sabah reduce or maintain the low price of their goods following the abolishment of the Goods and Services Tax (GST) last June 1.
Date: 20 June 2018; Type: Industry Updates; Source: Bernama

Government to evaluate Zero GST Effect - Salahuddin

PUTRAJAYA, June 18 (Bernama) - The Agriculture and Agro-based Industry Ministry will make a comprehensive evaluation on the effects of the abolition of the Goods and Services Tax (GST) on the cost of food production and price of food items, said its minister, Salahuddin Ayub.
Date: 18 June 2018; Type: Industry Updates; Source: Bernama

GST: Zeti hopes Retailers will pass on Benefits to Consumers

KUALA LUMPUR, June 18 (Bernama) - Council of Eminent Persons (CEP) member Tan Sri Dr Zeti Akhtar Aziz hoped that consumers will continue to enjoy cheaper products following the move by the government to zero-rate the Goods and Services Tax (GST).
Date: 18 June 2018; Type: Industry Updates; Source: Bernama

Tourism Tax should be abolished - MAH

KUALA LUMPUR, June 11 (Bernama) - The Malaysian Association of Hotels today reiterated their call for the tourism tax to be abolished as it is counter productive to the tourism industry.
Date: 11 June 2018; Type: Industry Updates; Source: Bernama

RM2.6 Billion received by Najib now Subject to Further Examination - IRB

PUTRAJAYA, July 7 (Bernama) - Inland Revenue Board (IRB) says the RM2.6 billion received by former Prime Minister Datuk Seri Najib Tun Razak is now subject to further examination.
Date: 07 June 2018; Type: Industry Updates; Source: Bernama

Federal Government agrees to channel Oil Royalty directly to State

PUTRAJAYA, June 7 (Bernama) - The Federal Government has agreed to channel at least five per cent of the oil royalty received by the country directly to Terengganu as an oil producing state. Terengganu Menteri Besar Dr Ahmad Samsuri Mokhtar said the matter was agreed during the National Finance Council 2018 meeting chaired by Prime Minister Tu ...
Date: 07 June 2018; Type: Legal News; Source: Bernama

CEP to announce Proposal on Mechanism to control Price of Goods

KUALA LUMPUR, June 4 (Bernama) - The Council of Eminent Persons will soon announce among others, a proposal to control the price of goods to ensure their market price matches the zero rated Goods and Services Tax (GST).
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

Zero GST for Life, General Insurance and Takaful Products

KUALA LUMPUR, June 4 (Bernama) - The General Insurance Association of Malaysia (PIAM), Life Insurance Association of Malaysia and Malaysian Takaful Association announced that life and general insurance companies and takaful operators in Malaysia will be charging the Goods and Services Tax (GST) at zero per cent effective June 1, 2018.
Date: 04 June 2018; Type: Industry Updates; Source: Bernama

Cigarette Prices remain unchanged despite Zero GST, says Finance Ministry

KUALA LUMPUR, June 2 (Bernama) - The government has decided to maintain the retail prices of tobacco products including cigarettes even though the Goods and Services Tax (GST) has been zero-rated effective yesterday, said the Finance Ministry.
Date: 02 June 2018; Type: Legal News; Source: Bernama

Trust Fund Donations Tax deductible - Guan Eng

PUTRAJAYA, May 31 (Bernama) - The donations by the people and companies to the 'Tabung Harapan Malaysia' trust fund to help the government pay its debt are tax deductible, Finance Minister Lim Guan Eng said today.
Date: 31 May 2018; Type: Legal News; Source: Bernama

Zero-rated GST for Banking Products, Services starting June 1

KUALA LUMPUR, May 31 (Bernama) - Conventional commercial banks in Malaysia will impose zero per cent Goods and Services Tax (GST) for all banking products and services effective from June 1. Previously, all banking products and services were subjected to GST at six per cent, the Association of Banks in Malaysia said in a statement.
Date: 31 May 2018; Type: Legal News; Source: Bernama

Report on SST Implementation Method to be ready in Two Weeks, says Daim

Kuala Lumpur, May 30 (Bernama) - The report on the Sales and Services Tax (SST) implementation method will be submitted to the government within two weeks, said Chairman of the Council of Eminent Persons Tun Daim Zainuddin.
Date: 30 May 2018; Type: Legal News; Source: Bernama

Zero GST from June 1 - TNB

KUALA LUMPUR, May 29 (Bernama) - Tenaga Nasional Bhd (TNB) will implement zero per cent Goods and Services Tax (GST) on all electricity usage with effect from June 1, 2018, in line with the zero-rated GST implementation on the same date.
Date: 29 May 2018; Type: Industry Updates; Source: Bernama

MATTA calls for End to Tourism Tax

KUALA LUMPUR, May 22 (Bernama) - The Malaysian Association of Tour and Travel Agents (MATTA) has called for the abolishment of the Tourism Tax (TTx), which came into effect on Sept 1, 2017 charging a flat rate of RM10 per room night on foreigners staying in hotels or registered private accommodation.
Date: 22 May 2018; Type: Industry Updates; Source: Bernama

GST to be Zero-Rated starting June 1

KUALA LUMPUR, May 16 (Bernama) - The Finance Ministry announced that starting from June 1, 2018, the Goods and Services Tax (GST) will be zero-rated for all goods and services in Malaysia until further notice. In a statement today, the ministry said the move does not include the goods and services listed in the Goods and Services Tax (Exempt S ...
Date: 16 May 2018; Type: Legal News; Source: Bernama

Anti-Dumping Duties on Electrolytic Tinplate to expire on November 15

KUALA LUMPUR, May 15 (Bernama) - Anti-dumping duties imposed on imports of electrolytic tinplate originating or exported from China and South Korea is due to expire on Nov 15.
Date: 15 May 2018; Type: Legal News; Source: Bernama

INDUSTRY UPDATES

New Chief Justice proposes Panel of Nine Judges in Constitutional Cases

PUTRAJAYA, July 12 (Bernama) - The new Chief Justice, Tan Sri Richard Malanjum, has proposed that court cases involving constitutional issues be heard by a panel of nine judges of the Federal Court including the top four judges.

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INDUSTRY UPDATES

Government to follow Rule of Law in Zakir Naik's Case - Gobind Singh

SHAH ALAM, July 12 (Bernama) - The government will act accordingly and by always applying the 'follow the rule of law' policy in any case and not only with regard to the controversial preacher Dr Zakir Naik, said Communications and Multimedia Minister Gobind Singh Deo.

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INDUSTRY UPDATES

New Chief Justice proposes Balloting Selection of Federal Court Judges Panel

PUTRAJAYA, July 12 (Bernama) - The new Chief Justice, Tan Sri Richard Malanjum, has proposed selection by balloting of the panel of Federal Court judges to hear cases in the Federal Court.

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INDUSTRY UPDATES

Bank Negara Malaysia maintains OPR at 3.25 per cent

KUALA LUMPUR, July 11 (Bernama) - Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 3.25 per cent after the two-day Monetary Policy Committee (MPC) meeting which ended today.

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INDUSTRY UPDATES

Richard Malanjum is the new Chief Justice

Richard Malanjum is the new Chief Justice

Kuala Lumpur, 11 July 2018 (Asean LIP News): Tan Sri Datuk Seri Panglima Richard Malanjum has sworn in as the new Chief Justice of Malaysia. He replaces Tun Md Raus Sharif as the top judge of Malaysia. Richard Malanjum was the Chief Judge of Sabah and Sarawak. He was elevated to the Federal Court in June 2005 and was appointed as the Chief Judge of Sabah and Sarawak in 2006.

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INDUSTRY UPDATES

Court requests Legal Firm representing 1MDB to use Substitute Service

PUTRAJAYA, June 11 (Bernama) - The Federal Court has requested a legal firm to consider using other avenues to communicate with its client before discharging itself from representing 1Malaysia Development Berhad (1MDB) in a lawsuit brought by Gerakan Anak Muda Tolak Najib (Gant1).

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INDUSTRY UPDATES

Tun Zaki appointed Pro-Chancellor of USIM

NILAI, July 11 (Bernama) - Former Chief Justice Tun Zaki Azmi has been appointed as the pro-chancellor of Universiti Sains Islam Malaysia (USIM) for a period of three years from July 15.

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INDUSTRY UPDATES

Certificate Course as an Introduction to Maritime Law

The Asian International Arbitration Centre (along with the International Malaysian Society of International Law) is organizing a 'Certificate Course as an Introduction to Maritime Law' from 24/07/2018 through 26/07/2018 at Seminar Room 1, AIAC Bangunan Sulaiman.

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INDUSTRY UPDATES

Seminar: Get Wired, Updates on Tech Laws and Cyber Security

The Bar Council Cyber Laws Committee (along with the Penang Bar Committee) is organizing a seminar titled 'Get Wired, Updates on Tech Laws and Cyber Security' on 27 July 2018 at the Penang Bar Auditorium.

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INDUSTRY UPDATES

Penang Government to pursue Leave to Appeal Bid against EC's Redelineation Exercise - Lawyer

PUTRAJAYA, July 10 (Bernama) - The Penang state government is proceeding with its leave to appeal application against the Election Commission's (EC) redelineation exercise, the Federal Court here was told today.

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INDUSTRY UPDATES

Sarawak Native Courts handled 11,003 Civil Cases up to May 30

KUCHING, July 10 (Bernama) - Up to May 30, the Native Courts of Sarawak handled 11,003 civil cases involving Native Customary Rights (NCR) land cases, applications for native community recognition and custom violation cases of which 5,962 were still pending.

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INDUSTRY UPDATES

Tribunal for Homebuyer Claims settles 44,308 cases - Zuraida

PUTRAJAYA, July 9 (Bernama) - A total of 44,308 out of 44,581 cases filed with the Tribunal for Homebuyer Claims (TTPR) were settled for the period between Jan 1, 2003 and June 30, this year, said Housing and Local Government Minister Zuraida Kamaruddin.

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INDUSTRY UPDATES

AIAC Signs Collaboration Agreement with the Philippine Dispute Resolution Center

The Asian International Arbitration Centre (AIAC) and the Philippine Dispute Resolution Center (PDRCI) have signed a Collaboration Agreement.

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INDUSTRY UPDATES

1MDB: Najib files Lawsuit against AG, MACC Chief Commissioner, Amar Singh

KUALA LUMPUR, July 9 (Bernama) - Former prime minister Datuk Seri Najib Tun Razak has filed a lawsuit against three individuals including Attorney-General Tommy Thomas involved in the investigation into the 1Malaysia Development Berhad (1MDB) case.

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INDUSTRY UPDATES

BTN to be abolished, says Syed Saddiq

KUALA LUMPUR, July 9 (Bernama) - The National Civics Bureau (BTN) will be abolished in the near future, said Youth and Sports Minister Syed Saddiq Syed Abdul Rahman.

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