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Malaysia collects over 100 million USD of digital service tax 15:41 | 30/12/2020 Malaysia collects over 100 million USD of digital service tax Kuala Lumpur - The Malaysian government has so far collected 428.07 million RM (105 million USD) from digital service providers since the start of the enforcement of the Digital Services Tax early this year, said Deputy Finance Minister Abd Rahim Bakri. He said the tax was imposed on, among others, Netflix, Amazon, advertisements on social media platforms such as Facebook and Instagram, as well as applications and games on smartphones. This is a new source of revenue for the country and will be enhanced in the future, he said at the debate on the Service Tax (Amendment) Bill 2020 on December 29.
Malasia recauda más de 100 millones de dólares de impuesto a servicios digitales | Internacional es.vietnamplus.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from es.vietnamplus.vn Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Dec 29): The government has so far collected RM428.07 million from digital service providers since enforcement of the Digital Services Tax early this year, said Deputy Finance Minister I Datuk Abd Rahim Bakri. He said the tax was imposed on, among others, Netflix, Amazon, advertisements on social media platforms such as Facebook and Instagram, as well as applications and games on smartphones. "This is a new source of revenue for the country and will be enhanced in the future. This collection is not only imposed on local digital service providers, but we have also started efforts to impose the tax on foreign digital service providers,” he added.
Govt collects more than RM400 million in Digital Service Tax 29 Dec 2020 / 14:40 H. Pix for representational purpose only. KUALA LUMPUR: The government has so far collected RM428.07 million from digital service providers since enforcement of the Digital Services Tax early this year, said Deputy Finance Minister I Datuk Abd Rahim Bakri. He said the tax was imposed on, among others, Netflix, Amazon, advertisements on social media platforms such as Facebook and Instagram, as well as applications and games on smartphones. “This is a new source of revenue for the country and will be enhanced in the future. This collection is not only imposed on local digital service providers, but we have also started efforts to impose the tax on foreign digital service providers,” he added.
KUALA LUMPUR (Dec 29): The previous government's decision to abolish the goods and services tax (GST) has to some extent affected the country's revenue, said Deputy Finance Minister I Datuk Abd Rahim Bakri. He said this was because the country faced a revenue shortfall when the GST was abolished and replaced with the sales and service tax (SST). "The GST was introduced in 2015 before the then government decided to abolish the tax system in 2018. "Judging from the data, GST collection was RM44 billion a year and the total during its implementation was RM133.1 billion, while SST collection was just RM21 billion annually,” he said when winding up the debate on the Sales Tax (Amendment) Bill 2020 in Dewan Negara here today.
Dewan Negara sitting ends for the year, 9 bills passed freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.
Tuesday, 29 Dec 2020 06:52 PM MYT The Third Meeting of the Third Session of the 14th Parliament of Dewan Negara was adjourned today after sitting for seven days with nine bills passed. ― Picture by Shafwan Zaidon Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Dec 29 — The Third Meeting of the Third Session of the 14th Parliament of Dewan Negara was adjourned today after sitting for seven days with nine bills passed. Four of the bills passed today were the Sales Tax (Amendment) Bill 2020, Service Tax (Amendment) Bill 2020, Tourism Tax (Amendment) Bill 2020 and the Cooperatives (Amendment) Bill 2020.