Senate Passes Tax Collection Measures Bill 2025
KUALA LUMPUR, Dec 18 (Bernama) -- The Senate today passed the Measures for the Collection, Administration and Enforcement of Tax Bill 2025 to strengthen the country’s taxation system.
| LATEST NEWS | The High Court sentenced Datuk Seri Najib Tun Razak to a total of 15 years' imprisonment and fined him RM11.4 billion on four counts of power abuse and 21 counts of money laundering involving RM2.3 billion linked to 1MDB | Floods hit Terengganu again, three PPS activated this evening - APM | 1MDB funds: Najib found guilty on all 21 money laundering charges - High Court | |
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Parliament 2025: Fiscal Discipline, Economic Reforms, Subsidy Retargeting Take Centre Stage
KUALA LUMPUR, Dec 18 (Bernama) -- The parliamentary sessions throughout 2025, involving the Dewan Rakyat and the Dewan Negara, saw economic debates focused on fiscal consolidation, structural reforms and efforts to address the cost of living for the people in an uncertain global economic environment.
Sabah Exploring Ocean Thermal Energy Conversion, Conducting Implementation Study -- Hajiji
KOTA KINABALU, Dec 17 (Bernama) -- The Sabah government, through the Sabah Energy Commission (ECoS), has begun exploring renewable energy in the form of Ocean Thermal Energy Conversion (OTEC) and is currently conducting an implementation study along the state’s east coast, according to Chief Minister Datuk Seri Hajiji Noor.
IRB Settles RM14.55 Bln Tax Refunds, Involving 3.47 Mln cases - Lim
KUALA LUMPUR, Dec 15 (Bernama) -- The Inland Revenue Board (IRB) has completed tax refund payments amounting to RM14.55 billion involving 3.47 million cases as of Nov 30, said Deputy Finance Minister Lim Hui Ying.
Federal Govt-Sabah Special Grant Negotiations Continue On Dec 19 - Amir Hamzah
KUALA LUMPUR, Dec 15 (Bernama) -- The next negotiation session between the federal government and the Sabah government regarding special grants is scheduled to be held on Dec 19, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
Senate: US Did Not Raise Bumiputera Rights Issue In Signing Of ART - MITI
KUALA LUMPUR, Dec 11 (Bernama) -- The United States (US) has never demanded or raised the issue of Bumiputera rights as one of the clauses in the Agreement on Reciprocal Trade (ART) between Malaysia and the US, said Deputy Minister of Investment, Trade and Industry, Liew Chin Tong.
Govt Urged To Provide Green Financing Incentives To MSMEs -- Senator
KUALA LUMPUR, Dec 4 (Bernama) -- The government is urged to provide green financing incentives to micro, small and medium enterprises (MSMEs) to promote the country’s transition towards decarbonisation, said Senator Datuk Ng Keng Heng.
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.
RM326 Mln For Sarawak Agri Sector Under 2026 State Budget -- Stephen Rundi
KUCHING, Dec 2 (Bernama) -- Sarawak’s Ministry of Food Industry, Commodity and Regional Development has been allocated RM326 million under the state Budget 2026, said its minister Datuk Seri Dr Stephen Rundi Utom.
Dewan Rakyat Passes Two Tax-Related Bills
KUALA LUMPUR, Dec 1 (Bernama) -- The Dewan Rakyat today passed the Finance Bill 2025, which details amendments to five tax acts, namely the Income Tax Act 1967, Real Property Gains Tax Act 1976, Stamp Act 1949, Labuan Business Activity Tax Act 1990, and the Petroleum (Income Tax) Act 1967.
Malaysia Aims To Achieve 35 Per Cent Skilled Workforce By 2030 - Tengku Zafrul
KUALA LUMPUR (Bernama) -- Malaysia aims to achieve a 35 per cent skilled workforce and 3.6 per cent productivity growth by 2030 as part of efforts to strengthen the nation’s competitiveness, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
Malaysia Has Clarified To China On ART - Tengku Zafrul
KUALA LUMPUR, Dec 1 (Bernama) -- Malaysia has sent a delegation to China to provide information and clarification regarding the Agreement on Reciprocal Trade (ART) between Malaysia and the United States, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz today.