SMEs prefer GST over SST, says think tank
AN INDEPENDENT think tank wants the government to reintroduce GST in place of the SST, saying GST was the preferred choice of taxation for various business associations due to its transparency and fairness.
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AN INDEPENDENT think tank wants the government to reintroduce GST in place of the SST, saying GST was the preferred choice of taxation for various business associations due to its transparency and fairness.
PETALING JAYA: While the government has given some information on the 10% sales tax for low-value goods (LVG) that is now in effect, much more detailed information should be forthcoming in order to assist importers, says the Airfreight Forwarders Association of Malaysia (Afam).
KUALA LUMPUR: The implementation of a 10 per cent sales tax on low-value goods (LVG) costing RM500 and below sold online would allow local businesses to market their products of the same quality at an even selling price, thus boosting consumer demands.
JOHOR BARU: Implementing the low-value goods (LVG) tax is a move that will widen the tax base without affecting the lower-income groups, says the Malaysian Electrical Appliances Distribution Association (Meade).
For most of us, the start of a new year means new resolutions and new beginnings.