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Tag Archives: GST

PIAF welcomes Rs10b relief through cut in oil prices

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Shiekh has appreciated the caretaker government for reducing the prices of petroleum products by lowering the general sales tax on directives of the Supreme Court of Pakistan (SC). While issuing a press statement along with Senior Vice Chairman Tanvir A Sufi and Vice Chairman Shahzeb Akram, PIAF chairman said ... Read More »

It’s easy to check if businesses can impose new GST: Malaysian Customs

PETALING JAYA: Several clicks of the mouse is all it takes for consumers to check if businesses are legally charging them the Goods and Services Tax. Customs Department public relations chief Aidid Tajuddin said they had received many queries on this. “Quick and easy checks can be made online by consumers through the Customs’ portal by following four steps,” he ... Read More »

It’s easy to check if businesses can impose new GST: Malaysian Customs

PETALING JAYA: Several clicks of the mouse is all it takes for consumers to check if businesses are legally charging them the Goods and Services Tax. Customs Department public relations chief Aidid Tajuddin said they had received many queries on this. “Quick and easy checks can be made online by consumers through the Customs’ portal by following four steps,” he ... Read More »

Malaysia’s Perodua to reduce car prices up to 1.6% under GST

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its vehicle prices by between 0.1% and 1.6% depending on the models with the implementation of the Goods and Services Tax (GST) here the other day. The second national car manufacturer said on Wednesday it would retain the prices of its spare parts while absorbing the impact of GST of ... Read More »

Singapore’s 800,000 households to receive $45m worth of GST vouchers in April

SINGAPORE: Over 800,000 Singaporean households in Housing Board flats will receive $45 million worth of GST vouchers to offset utility bills. The GST Voucher – U-Save is part of the permanent GST Voucher scheme, designed to help lower- and middle-income households cope with their living expenses. The U-Save vouchers are distributed quarterly. In April, eligible Singaporean households will each receive ... Read More »

Malaysia Customs launches hotline for GST

PETALING JAYA: The Customs Department has set up a help desk hotline for the public to clear any remaining doubts about the GST. A book on Frequently Asked Questions (FAQ), a Taxpayer Access Point (TAP) handbook and a multimedia video were also launched yesterday. “We gathered the most common questions asked by the public, especially by businesses, and we have ... Read More »

Singapore’s 800,000 households to receive $45m worth of GST vouchers in April

SINGAPORE: Over 800,000 Singaporean households in Housing Board flats will receive $45 million worth of GST vouchers to offset utility bills. The GST Voucher – U-Save is part of the permanent GST Voucher scheme, designed to help lower- and middle-income households cope with their living expenses. The U-Save vouchers are distributed quarterly. In April, eligible Singaporean households will each receive ... Read More »

Malaysian govt to ensure no burden to people: PM Najib

PETALING JAYA: The Government is committed to ensuring that the implementation of the Goods and Services Tax (GST) will not burden the people, Datuk Seri Najib Tun Razak said. The Prime Minister said it should be realised that the primary objective of the implementation of the GST was to strengthen the country’s financial resources and, eventually, ensure more effective development ... Read More »

Malaysian govt to ensure no burden to people: PM Najib

PETALING JAYA: The Government is committed to ensuring that the implementation of the Goods and Services Tax (GST) will not burden the people, Datuk Seri Najib Tun Razak said. The Prime Minister said it should be realised that the primary objective of the implementation of the GST was to strengthen the country’s financial resources and, eventually, ensure more effective development ... Read More »

Online GST session with Malaysian Customs draws overwhelming response

PETALING JAYA: The Customs Department managed to answer several questions on the upcoming Goods and Services Tax (GST) during The Star Online’s #AskGST session with readers here the other day. Customs assistant director Annie Thomas and senior assistant director Fauziah Abu Zarim were pleased with the overwhelming response from readers. “Thank you for the positive response to the #AskGST session. ... Read More »

Penalty of S$27,891: Singapore court sentence jail to ex-jewellery salesman for GST fraud

SINGAPORE: A court has sentenced a former jewellery salesman to two years’ jail for corruption and abetting in fraudulent claims of Goods and Services Tax (GST) tourist refunds. Lim Pheck Aun was ordered to pay a penalty of S$724 for his corruption offences and S$27,167 for his GST offences, which is three times the amount of GST defrauded, the Inland ... Read More »

Online GST session with Malaysian Customs draws overwhelming response

PETALING JAYA: The Customs Department managed to answer several questions on the upcoming Goods and Services Tax (GST) during The Star Online’s #AskGST session with readers here the other day. Customs assistant director Annie Thomas and senior assistant director Fauziah Abu Zarim were pleased with the overwhelming response from readers. “Thank you for the positive response to the #AskGST session. ... Read More »

Penalty of S$27,891: Singapore court sentence jail to ex-jewellery salesman for GST fraud

SINGAPORE: A court has sentenced a former jewellery salesman to two years’ jail for corruption and abetting in fraudulent claims of Goods and Services Tax (GST) tourist refunds. Lim Pheck Aun was ordered to pay a penalty of S$724 for his corruption offences and S$27,167 for his GST offences, which is three times the amount of GST defrauded, the Inland ... Read More »

350,054 companies register for GST: Husni Hanadzlah

KUALA LUMPUR: A total of 350,054 companies have registered for the Goods and Services Tax (GST), Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah announced here the other day. He said as of Feb 28, the last day for GST registration, 345,376 companies had signed up. Companies which refused to register for the GST, to be implemented on April 1, ... Read More »

350,054 companies register for GST: Husni Hanadzlah

KUALA LUMPUR: A total of 350,054 companies have registered for the Goods and Services Tax (GST), Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah announced here the other day. He said as of Feb 28, the last day for GST registration, 345,376 companies had signed up. Companies which refused to register for the GST, to be implemented on April 1, ... Read More »

50,000 firms yet to register for GST in Malaysia

KUALA LUMPUR: Some 50,000 eligible companies and institutions have yet to register for the goods and services tax (GST), although there’s only a week left to do so, said Deputy Finance Minister Datuk Ahmad Maslan. “We are aware of the businesses that are supposed to register for GST, but why have they still refused to do so? “This has raised ... Read More »

GST burden kills Australian small businesses

CANBERRA: Politicians and central bankers have said that GST burden is killing small businesses. why businesses aren’t investing ought to speak to Sydney hairdresser Penny Martin. Ms Martin decided to work from home instead, letting five employees go and turning down clients to keep her annual revenue below $75,000 – all to avoid GST paperwork. After running her own salon ... Read More »

Malaysia to impose RM15,000 fine for missing GST deadline

KUALA LUMPUR: Companies which refuse to register for the Goods and Services Tax (GST) by March 1 will be slapped with a RM15,000 compound and forced to register for the new tax regime. Deputy finance minister Ahmad Maslan said the move was to ensure all qualifying companies register for the GST by Feb 28 to avoid paying the fine. He ... Read More »

Tax evasion: Singapore Customs fines 9 online retailers between S$4,500 and S$133,000 in 2014

SINGAPORE: Nine online retailers were fined between S$4,500 and S$133,000 last year for evading Goods and Services Tax (GST) payments by submitting fake invoices or under-declaring the value of goods on their import declarations, the Singapore Customs said here the other day. The Singapore Customs has observed an emerging trend of online retailers attempting to evade or under-declare their goods ... Read More »

KCCI requests FBR to elucidate Sales Tax notices issue

KARACHI: Karachi Chamber of Commerce and Industry Senior Vice President Muhammad Ibrahim Kasumbi has requested the Federal Board of Revenue (FBR) to order the concerned authorities for clarifying the issue of Sales Tax notices which are being constantly issued to taxpayers. SVP KCCI in a letter issued to Shahid Hussain Asad, Member IR Policy FBR advised to make necessary announcements ... Read More »