Sales Tax Rate Revision, Service Tax Scope Expansion To Be Effective July 1, 2025 – MOFhttps://www.mof.gov.my/portal/en/news/press-citations/sales-tax-rate-revision-service-tax-scope-expansion-to-be-effective-july-1-2025-mof

09 June 2025 by the Sales and Service Tax (SST) revision, the MADANI government is taking a targeted approach to ensure that basic goods and services are not taxed. “In addition, various facilities are also being provided to mitigate the impact on micro, small, and...

• Type: Article
• Author: Hadina
• Category: Press Citations
• Language: en-GB

Sales tax on imported LVG poised to level playing field for local businesses – MOFhttps://www.mof.gov.my/portal/en/news/press-citations/sales-tax-on-imported-lvg-poised-to-level-playing-field-for-local-businesses-mof

18 December 2023 KUALA LUMPUR, Dec 18 (Bernama) – The sales tax on imported low-value goods (LVG) sold online, which will take effect on Jan 1, 2024, is aimed at levelling the playing field for local businesses, according to the Ministry of Finance (MoF). The ministry...

• Type: Article
• Author: Saidi
• Category: Press Citations
• Language: en-GB

Sales Tax On Imported Low-Value Goods Sold Onlinehttps://www.mof.gov.my/portal/en/news/press-release/sales-tax-on-imported-low-value-goods-sold-online

18 December 2023 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: In general, sales tax is applied on goods sold in Malaysia and are paid for by...

• Type: Article
• Author: Saidi
• Category: Press Release
• Language: en-GB

S&P Global Ratings Reaffirms Malaysia’s Ratinghttps://www.mof.gov.my/portal/en/news/press-release/s-p-global-ratings-reaffirms-malaysia-s-rating

26 June 2020 S&P Global Ratings (“S&P”) has reaffirmed Malaysia’s A- rating with a revision to the outlook to negative from stable. The outlook revision was driven by the negative impact of the COVID-19 pandemic on Malaysia’s economic growth and fiscal position....

• Type: Article
• Author: Saidi
• Category: Press Release
• Language: en-GB

RON95 Subsidy Takes Longer Time To Ensure Careful Execution, Avoid Affecting The People – MOFhttps://www.mof.gov.my/portal/en/component/content/article/ron95-subsidy-takes-longer-time-to-ensure-careful-execution-avoid-affecting-the-people-mof?catid=2&Itemid=220

03 November 2025 KUALA LUMPUR, Nov 3 (Bernama) – The government is taking a longer time to implement the RON95 fuel subsidy rationalisation compared to other subsidies to ensure that the implementation is carried out carefully and does not negatively affect the people....

• Type: Article
• Author: Saidi
• Category: Uncategorised
• Language: en-GB

RON95 Petrol Is RM1.99 Per Litre For Malaysian Citizens Starting Sept 30 - PM Anwarhttps://www.mof.gov.my/portal/en/news/press-citations/ron95-petrol-is-rm1-99-per-litre-for-malaysian-citizens-starting-sept-30-pm-anwar

22 September 2025 PUTRAJAYA, Sept 22 (Bernama) – The price of RON95 petrol has been reduced to RM1.99 per litre, from RM2.05 per litre, effective Sept 30, through targeted subsidies under the BUDI MADANI RON95 (BUDI95) programme. The good news was announced by Prime...

• Type: Article
• Author: Hadina
• Category: Press Citations
• Language: en-GB

RM95 bln development expenditure allocation to benefit the people, SMEs - MoFhttps://www.mof.gov.my/portal/en/news/press-citations/rm95-bln-development-expenditure-allocation-to-benefit-the-people-smes-mof

12 October 2022 KUALA LUMPUR, Oct 12 (Bernama) -- The RM95 billion development expenditure allocated under Budget 2023 is not just for contractors or the rich as claimed by some parties, said the Ministry of Finance (MoF). The MoF reiterated that the allocation is for...

• Type: Article
• Author: Natrah
• Category: Press Citations
• Language: en-GB

RM52.7 Million Disbursed To Nearly 47,000 STR Recipients Without Bank Accountshttps://www.mof.gov.my/portal/en/news/press-citations/rm52-7-million-disbursed-to-nearly-47-000-str-recipients-without-bank-accounts

27 July 2025 SEMPORNA, July 26 (Bernama) – The Ministry of Finance (MOF) has disbursed a total of RM52.7 million to 46,568 recipients of the Sumbangan Tunai Rahmah (STR) initiative, who do not have bank accounts, through a series of nationwide distribution...

• Type: Article
• Author: Saidi
• Category: Press Citations
• Language: en-GB

RM5 bln to RM6 bln savings targeted from remaining operating allocation for 2022 – Tengku Zafrulhttps://www.mof.gov.my/portal/en/news/press-citations/rm5-bln-to-rm6-bln-savings-targeted-from-remaining-operating-allocation-for-2022-tengku-zafrul

20 July 2022 allocation in 2022. He said the savings involved several things, including a reduction in the purchase of imported goods and expenditure out of the country. "The value of five per cent (is) not that big, even if you look at (Budget 2022) our expenditure...

• Type: Article
• Author: Saidi
• Category: Press Citations
• Language: en-GB

Rising Fiscal Risks in the Wake of Pandemic Recoveryhttps://www.mof.gov.my/portal/en/news/speech/rising-fiscal-risks-in-the-wake-of-pandemic-recovery

22 March 2022 KEYNOTE ADDRESS YB SENATOR TENGKU DATUK SERI UTAMA ZAFRUL AZIZ MINISTER OF FINANCE MOODY’S INSIDE ASEAN SERIES: Rising Fiscal Risks in the Wake of Pandemic Recovery 22 MARCH 2022 | 3:00 PM Thank you Christian for the warm welcome and introduction,...

• Type: Article
• Author: Saidi
• Category: Speech
• Language: en-GB