Following media queries received on the implementation of the sales tax on imported low-value goods (LVG), the Ministry of Finance (MoF) would like to clarify the following:

1. In general, sales tax is
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The Government welcomes Fitch Ratings (Fitch) affirmation of Malaysia’s sovereign credit ratings at BBB+ with “Stable” outlook. The affirmation reflects the Government’s commitment to fiscal reform and...

Summary:

• Registration for the eMADANI e-wallet credit will open from 4 December 2023 to 20 February 2024, with the e-wallet credit available to be used by 29 February 2024.
• 10 million Malaysian
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Domestic demand anchored the Malaysian economy in the third quarter of 2023 (Q3 2023), while global conditions remained weak and volatile. The gross domestic product (GDP) in Q3 2023 rose 3.3%,...

Following an encouraging response, the Ministry of Finance (MOF) has decided to extend the period for collecting suggestions and feedbacks pertaining to Belanjawan 2024 through the Cadangan...