Tag gst

Businesses Beware of Price Control and Anti-Profiteering Act

Businesses Beware of Price Control and Anti-Profiteering Act

Businesses Beware of Price Control and Anti-Profiteering Act Our new Pakatan Harapan Government recently reduced GST from 6% to 0% from 1 June 2018 as part of their  manifesto that was announced before GE14. The new Sales and Service Tax…

GST UPDATE POST ELECTION 6% - 0%

Malaysia Post Election Income Tax and GST Updates

Malaysia Post Election Income Tax and GST Updates CCT Internal e-Tax Update  Income Tax and GST Legislations, and Public Rulings Update – 13 May 2018 Table of Contents Income Tax and GST Legislations, Public Rulings And Guides Update. 3 Direct…

Singapore 2018 Budget: GST to be levied on imported services

SG 2018 budget: GST to be levied on imported services

SG 2018 budget: GST to be levied on imported services Singapore 2018 Budget : GST to be levied on imported services from 1 January 2020 – Will Malaysia follow suit? In the recent announcement of the Singapore 2018 Budget, from…

Local VS Foreign income

Local Income Versus Foreign Income

Local Income Versus Foreign Income LOCAL VERSUS FOREIGN SOURCED INCOME Malaysia’s tax system is territorial. Under Section 3 of the Income Tax Act 1967, it provides that only income that is accruing in or derived from Malaysia, and income remitted…