Govt to give tax breaks to media companies

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Govt to give tax breaks to media companies thesundaily Malaysia tax moneymatters thesundaily

report stated that a year after Malaysia shifted its consumption tax system back to the Sales and Services Tax , a lot more still needs to be done to boost government revenue.

One of the main reasons is that the consumer price index basket for goods under SST is much lower, at 37% compared to the 60% during the GST era. To boost collection, the government has proposed to introduce a new band for taxable income in excess of RM2 million, taxed at 30%, which is a 2% point increase from the current 28%, during the 2020 Budget. It will also be implementing SST on digital services, beginning Jan 1 at 6%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 25. in BE

Belgique Dernières Nouvelles, Belgique Actualités