PAS warns 'Saya Suka Travel' govt of price hikes following SST expansion
In a series of Facebook posts, he pointed out that the issue was not about the percentage of the hike but rather how the tax expansion would eventually raise prices of the end product.
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Borneo Post
44 minutes ago
- Borneo Post
MoF to provide transitional support to facilitate SST compliance
MoF has agreed to provide transitional support to industry players during the change in the scope of the SST. KUALA LUMPUR (July 4): The Finance Ministry (MoF) has agreed to provide transitional support to industry players during the change in the scope of the Sales and Service Tax (SST), following feedback regarding difficulties in complying with all operational requirements. In a statement today, MoF said the government will allow service providers to manually submit statements for the taxable period from July 1 to Sept 30, 2025. 'However, the Service Tax (ST) must still be charged and collected during this period. 'The Madani government understands that service providers need more time to upgrade their systems for tax compliance and implementation,' MoF said. Meanwhile, MoF said registered manufacturers are required to impose and collect Sales Tax (ST) starting July 1, 2025, and are eligible to apply for exemptions on raw materials used in the manufacturing of taxable goods. Additionally, companies that have already received ST exemptions via the tax exemption committee under the Malaysian Investment Development Authority (Mida) before July 1 will continue to enjoy the exemption, subject to the terms and duration previously set. 'However, if these companies manufacture finished taxable goods after July 1 and meet the specified threshold value, they are required to register as registered manufacturers and may apply for exemption via the MySST portal at 'MoF hopes that these measures will help facilitate business operations and ease compliance for companies affected by the SST scope expansion,' the statement added. Business and members of the public can contact the Royal Malaysian Customs Department Call Centre hotline at 1-300-888-500 for more information. — Bernama
Free Malaysia Today
an hour ago
- Free Malaysia Today
Finance ministry eases SST compliance with transitional measures
The finance ministry announced last month that a 5% to 10% tax rate would be applied to non-essential goods, while the service tax would be extended to cover rentals, leasing, construction, financial services, private healthcare, and education. PETALING JAYA : The finance ministry has announced transitional measures to ease industry compliance with the expanded scope of the sales and service tax (SST), including allowing the manual submission of tax returns for newly taxable services. The ministry said the measures were introduced following feedback from industry players on challenges in meeting operational requirements under the revised tax framework. One of the key measures is a temporary allowance for the manual submission of tax returns for newly taxable services, covering the period from July 1 to Sept 30, to allow service providers more time to upgrade their systems. 'However, service tax must still be charged and collected during this period,' the ministry said in a statement. It said that the customs department had also opened early voluntary registration for manufacturers who are subject to the sales tax starting this month. 'They will also be eligible to apply for exemptions on raw materials used in the production of taxable goods,' it added. Companies that have received sales tax exemptions through the customs exemption committee or the Malaysian Investment Development Authority before July 1 will continue to enjoy those exemptions, subject to existing terms and conditions. However, companies that begin producing taxable finished goods after July 1 and surpass the threshold will be required to register as manufacturers and may apply for exemptions via the MySST portal. The ministry said the measures were aimed at facilitating business operations and supporting compliance with the expanded SST. The ministry announced last month that a 5% to 10% tax rate would be applied to non-essential goods, while the service tax would be extended to cover rentals, leasing, construction, financial services, private healthcare, and education. However, it said imported apples and oranges would be exempted from the tax, citing affordability issues for lower-income groups such as the B40. Beauty services like manicures, pedicures, facials, and hairdressing were also excluded following public feedback.
Focus Malaysia
2 hours ago
- Focus Malaysia
Ismail Sabri's former son-in-law's 'friendly loan' bankruptcy sets tongue wagging on ‘elite bankrupts'
THAT celebrity fashion designer Datuk Jovian Mandagie was yesterday (July 3) declared a bankrupt by the Kuala Lumpur High Court over failure to settle a RM5.28 mil 'friendly loan' from an engineering and construction outfit has sparked excitement among Malaysians. In short, 1,001 questions – some insightful while others hilarious – filled cyberspace on the misadventure of the Indonesian who was the former son-in-law of ninth premier Datuk Seri Ismail Sabri Yaakob. For starters, one commenter to a news post on the Malaysiakini Facebook page wondered how a bankrupt can still 'wear coat/suit and tie' to which this elicited cheeky feedback that 'the biggest convicted kleptocrat is also wearing suits to court' and that the person is only 'a bankrupt in name only'. This is considering that bankrupts can still own properties and notable assets like cars or even travel overseas subject to the consent of the Director-General of Insolvency (DGI) (note that the Bankruptcy Act 1966 stipulates that a bankrupt is barred from travelling abroad). Jovian, 39, had married Ismail Sabri's daughter, Nina Sabrina, on Dec 11, 2013 but the (then) oft-dubbed 'power couple' divorced in August 2023. Meanwhile, Ismail Sabri who is Malaysia's PM with the shortest stint helmed the country for eight months from Aug 21, 2021 to Nov 24, 2022. For the uninitiated, Jovian was found by senior assistant registrar Faisal Zulkifli to have committed an act of bankruptcy after allowing a petition filed by creditor Cekap Air Sdn Bhd on Nov 20 last year. In its statement of claim, the company claimed that it had given out the loan which was meant to be repaid within 12 month 'verbally and casually' to Jovian on Feb 25, 2022 on ground that its executive director Max Yong Zhen Wei and Jovian were acquaintances. 'Furthermore, there was no reason for the plaintiff (Cekap Air) to doubt the defendant (Jovian) as the latter had several other businesses and was the (then) son-in-law of former prime minister DS Ismail Sabri,' the statement pointed out. However, the plaintiff claimed that Jovian failed, refused or neglected to make re-payments or had even unjustly enriched when he received the loan without making repayments while causing terrible losses to the defendant. This 'irresponsible' attitude has sparked one interesting observation with one commenter having alluded to the consequences of 'fatal connection' after questioning why 'a Type C building contractor would give out a RM5.28 mil loan to the son-in-law of the PM'. – July 4, 2025 Main image credit: Tatler
