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want disruption,” he added. In the meantime, Amir Hamzah stressed that the government is not considering reintroducing the goods and services tax (GST) at the moment to avoid being seen as penalising lower-income groups compared to the existing tax...
- Type: Article
- Author: Saidi
- Category: Press Citations
- Language: en-GB
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KUALA LUMPUR, Dec 15 – Fitch Ratings’ downgrade for Malaysia's credit rating from A- to BBB+ will not stifle efforts towards economic recovery in 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. “The Budget 2021 initiatives will...
- Type: Article
- Author: Saidi
- Category: Press Citations
- Language: en-GB
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As the world navigates COVID-19, one of history’s worst pandemics, we have seen policymakers take urgent and vital measures to protect lives and livelihood. As the world navigates COVID-19, one of history’s worst pandemics, we have seen policymakers...
- Type: Article
- Author: Noris
- Category: Press Release
- Language: en-GB
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Fitch Ratings has affirmed Malaysia’s Long-Term Foreign-Currency Issuer Default Rating at BBB+, with a Stable Outlook. Such affirmation comes amidst unprecedented credit rating pressures globally, where the three main Credit Rating Agencies (CRA) had...
- Type: Article
- Author: Natrah
- Category: Press Release
- Language: en-GB
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to increase annual revenue. The MOF added that the government reimposed the sales and service tax in 2018 to replace the goods and services tax (GST) abolished the same year. "Therefore, if the government intends to reimpose the GST, it will ensure that...
- Type: Article
- Author: Natrah
- Category: Press Citations
- Language: en-GB
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KUALA LUMPUR, June 18 (Bernama) -- The government’s fiscal reform initiatives, including expanding the Sales and Services Tax (SST) scope and rationalising electricity and diesel subsidies, are aimed at ensuring fiscal sustainability while protecting...
- Type: Article
- Author: Hadina
- Category: Press Citations
- Language: en-GB
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KUALA LUMPUR, June 16 (Bernama) – The government will continue implementing fiscal consolidation measures to ensure the country’s financial position is as strong as it was in 1992-1997, said the Finance Ministry (MoF). The government takes the approach...
- Type: Article
- Author: Saidi
- Category: Press Citations
- Language: en-GB
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KUALA LUMPUR, Aug 3 – The Ministry of Finance will settle the Goods and Services Tax (GST) refund arrears totalling RM4.763 billion by the end of the year. Finance Deputy Minister Mohd Shahar Abdullah gave this assurance at the Dewan Rakyat today. He...
- Type: Article
- Author: Saidi
- Category: Press Citations
- Language: en-GB
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KUALA LUMPUR, March 21 (Bernama) -- The Ministry of Finance (MOF) has announced that an excise duty and two taxes under Budget 2022 that were scheduled to be implemented this year will be delayed to a date to be announced later. The delay involved the...
- Type: Article
- Author: Natrah
- Category: Press Citations
- Language: en-GB
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Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said it directly put Malaysia on a better path for economic growth among countries in the region. "Although almost all countries were affected by the epidemic and recorded negative growth in 2020,...
- Type: Article
- Author: Saidi
- Category: Press Citations
- Language: en-GB
