Sabah Tables RM6.4 Bln Budget For 2026

KOTA KINABALU, Dec 12 (Bernama) -- The Sabah government today tabled the state’s Budget 2026, amounting to RM6.402 billion, with an estimated surplus of RM28 million.

2025 Tax Trinity: US Tariffs, SST Expansion and E-invoicing

KUALA LUMPUR, Dec 11 (Bernama) -- 2025 will be remembered as the “tariff year”, no thanks to the unexpected United States (US) tariffs that shook markets worldwide, with Malaysia not spared.

Fruit Importers Can Apply For SST Exemption To MOF -- MITI

KUALA LUMPUR, Dec 8 (Bernama) -- Fruit traders and importers can apply directly to the Ministry of Finance (MoF) for exemptions from Sales and Service Tax (SST) on imported fruit, the Ministry of Investment, Trade and Industry (MITI) said.

Govt Urged To Scrap 5 Pct Sales Tax On Sawn Timber, Review SST Expansion

KUALA LUMPUR, Dec 3 (Bernama) -- The government has been urged to exempt the five per cent sales tax on sawn timber and to review the expanded scope of the Sales and Services Tax (SST), which has resulted in double taxation for the timber and wood-based industries.

No Sales Tax Exemption For Goods Imported Via Foreign Portals -- Amir Hamzah

KUALA LUMPUR, Nov 25 (Bernama) -- Malaysia offers no blanket sales tax exemption on goods imported through foreign online portals, Finance Minister II Datuk Seri Amir Hamzah Azizan said.

Core HVGT Principles Retained In Updated Tax Framework

KUALA LUMPUR, Nov 24 (Bernama) -- Although the High-Value Goods Tax (HVGT) was not implemented, its core principles have been reviewed and incorporated into improvements to existing tax laws through the revised sales tax rates and the expansion of the service tax (SST) scope.

MOF Denies Claim That Petronas Takes 95 Pct Of Borneo’s Oil Revenue

KUALA LUMPUR, Nov 11 (Bernama) -- The Ministry of Finance (MOF) has denied claims that Petroliam Nasional Bhd (Petronas) has taken up to 95 per cent of the petroleum revenue from Sabah and Sarawak.

Highlights From Budget 2026

KUALA LUMPUR, Oct 10 (Bernama) -- Below are the highlights from Budget 2026, themed the Fourth MADANI Budget: People’s Budget, which was tabled by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.

Budget 2026: Excise Duty For Cigarettes Up 2 Sen Per Stick, 10 Pct Rise For Alcohol - PM Anwar

KUALA LUMPUR, Oct 10 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said excise duties for cigarette and alcohol products will be raised effective Nov 1, 2025 under the Budget 2026.

Federal Govt Revenue Seen Rising 2.7 Pct To Rm343.1 Bln In 2026 -- MOF

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 10 (Bernama) -- The federal government’s revenue is projected to rise 2.7 per cent to RM343.1 billion in 2026 from RM334.1 billion expected in 2025, mainly driven by tax collections, the Finance Ministry (MoF) said.

Public Sector To Remain Growth Catalyst Under 13th Malaysia Plan -- MoF

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 10 (Bernama) -- Public sector entities will remain as a catalyst for sustained and inclusive economic growth, anchored by the 13th Malaysia Plan 2026-2030.

Govt Revenue Estimated At RM343.1 BLN In 2026 -- MoF

By Nurunnasihah Ahmad Rashid and Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 10 (Bernama) -- The government's revenue collection is estimated at RM343.1 billion, driven by an improvement in both direct and indirect tax collection.