Finance Ministry to settle outstanding GST refunds by year end | The Malaysian Insight

Deputy Finance Minister II Shahar Abdullah says to speed up GST refunds, the ministry will embark on a ‘pay first, audit later’ process for eligible firms. – Ministry of Finance handout pic, August 3, 2020.

THE Ministry of Finance will settle RM4.8 billion in outstanding goods and services tax refunds by year-end, Deputy Finance Minister II Shahar Abdullah told the Dewan Rakyat today. Delays have been due to submission of invalid bank details by some registrants and failure of registrants to respond or to provide the correct documents, he said during Question Time, after a question by Amiruddin Haji Hamzah on whether deferred GST refunds have been repaid and what was slowing down the process.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance minister: Budget 2021 to help Malaysian youths succeed | Malay MailKUALA LUMPUR, Aug 2 — The government will step up efforts to help youth succeed including in education under Budget 2021, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said youth are the main contributor to the nation’s development agenda, noting they have been at the forefront...
Source: malaymail - 🏆 1. / 86 Read more »

Budget 2021 to help youths succeed - finance ministerHe says the finance ministry is also planning to provide a platform for youths to expand their knowledge of financial management.
Source: malaysiakini - 🏆 20. / 51 Read more »

Labour shortage hits furniture industry | The Malaysian InsightCrunch as govt freezes foreign worker applications until year-end to help locals secure jobs.
Source: msianinsight - 🏆 8. / 63 Read more »