Lim branded the tax refund arrears, amounting to a total of RM37 billion, as a failure on the part of the previous administration. — Picture by Ahmad Zamzahuri
Finance Minister Lim Guan Eng said the one-off RM30 billion special dividend from Petronas, which he announced in the 2019 Budget speech in November last year, has already begun to be paid by the government in stages. Of the GST refunds, RM9.5 billion has been returned by the Royal Malaysian Customs Department to 76,002 registrants, while for income tax refunds the Inland Revenue Board has returned RM5.2 billion and RM2.4 billion to 70,205 companies and 1,186,288 non-companies, respectively.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finance minister: Malaysia embracing digital technology in bid to become high-income nation | Malay MailKUALA LUMPUR, May 7 — Finance Minister Lim Guan Eng said Malaysia is embracing digital technology especially 5G as a launching pad to become a high-income nation. He said Malaysia, however, is aware that the technology will pose a risk of digital disruption, causing loss of...
Source: malaymail - 🏆 1. / 86 Read more »
No more blank cheques for GLCs, former finance minister urges Putrajaya | Malay MailKUALA LUMPUR, May 8 — Government-linked corporations’ (GLC) profligacy in the last decade was partially responsible for Putrajaya’s dry coffers now, Tun Daim Zainuddin said. He told Oriental Daily that some senior GLC officials earned millions of ringgit each month. GLCs had also been setting...
Source: malaymail - 🏆 1. / 86 Read more »
Finance Minister denies govt neglecting development in Sarawak, says RM41b allocated | Malay MailKUALA LUMPUR, May 4 — Finance Minister Lim Guan Eng today refuted claims that the Pakatan Harapan (PH) government had neglected the infrastructure development of Sarawak. He said the ruling party has allocated RM4.3 billion for the state this year alone, which is more than what the previous...
Source: malaymail - 🏆 1. / 86 Read more »
Finance minister urges Securities Commission to study CEO-worker pay disparity at profitable firms | Malay MailKUALA LUMPUR, May 6 — Finance Minister Lim Guan Eng has called upon the Securities Commission (SC) to look into fairer compensation for employees in well-performing companies for its Corporate Governance (CG) Monitor next year. In his speech read out by political secretary Tony Pua at the launch... It's nothing SC can do about, but surely CEO compensation should be deliberated at AGMs and duly approved by shareholders Were going to have mutineers amongst the companies now. Simple, why not the employees just be their own boss then? Then they can have any amount of salary they wish to have.
Source: malaymail - 🏆 1. / 86 Read more »
Finance Ministry: Returned 1MDB funds will be used to service debts | Malay MailKUALA LUMPUR, May 8 — The US$322 million (RM1.3 billion) received through the repatriation of 1MDB assets will be used to service the sovereign wealth fund’s total debts of RM51 billion. The Finance Ministry said the debt amount includes the interest borne and loans taken from the ministry of...
Source: malaymail - 🏆 1. / 86 Read more »