PETALING JAYA: The implementation of the high-value goods tax is on hold due to unresolved disagreements over the criteria and definition of “high-value goods”, according to a report by a business daily.
The report also claimed that the lack of clarity had left retailers in the lurch for more than a year. It aimed to impose a 5% to 10% tax on luxury items and was expected to generate an additional RM700 million in annual revenue. Lim said the new taxes should be deferred until there was more favourable economic growth, expected by the end of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Body of newborn found at bottom of Sri Petaling high-rise apartmentFrom Human Rights Commission of Malaysia (Suhakam).
Source: staronline - 🏆 4. / 75 Read more »
Stray elephant involved in crash in Kuala Terengganu captured, says district police chiefPETALING JAYA: Selangor has appointed Nidzam Jalil as the team’s new coach.
Source: staronline - 🏆 4. / 75 Read more »
Govt 'technicalities' must not disrupt chicken and egg supply, says Dr WeePETALING JAYA: Selangor has appointed Nidzam Jalil as the team’s new coach.
Source: staronline - 🏆 4. / 75 Read more »
Anwar earns praise for speaking up on Palestine issuePETALING JAYA: Selangor has appointed Nidzam Jalil as the team’s new coach.
Source: staronline - 🏆 4. / 75 Read more »
Petaling Street is number six in Time Out Magazine's 30 Coolest Streets in the WorldKUALA LUMPUR, March 15 — Kuala Lumpur’s Chinatown has been featured in Time Out Magazine as one of its top 30 Coolest Streets in the World. Listed at number six, Petaling...
Source: malaymail - 🏆 1. / 86 Read more »
Petaling Street Tersenarai Sebagai Jalan Ke-6 Paling ‘Cool’ Di Dunia, Kalah Singapura & London!Pemilihan ini dilakukan berdasarkan faktor kepelbagaian makanan serta minuman, budaya dan kemeriahan pada waktu malam.
Source: therakyatpost - 🏆 14. / 59 Read more »