Malaysians Will Be Assigned Tax Identification Numbers In January 2021
Starting from January 2021, all Malaysians above the age of 18 and corporate entities will be assigned a…
Government To Accelerate Introduction Of The Consumer Credit Act
The government hopes to protect consumers and stimulate better spending habits by pressing for the statute to be enacted swiftly.
Malaysia’s Financial Education Network Launches National Strategy For Financial Literacy 2019-2023
Tun Dr Mahathir has launched a National Strategy improve financial literacy among Malaysians, with a five-year roadmap to achieve it.
Targeted Petrol Subsidies Expected To Be Distributed Via Cash Handouts
The distribution of the new targeted fuel subsidy appears to be finalised, and looks to be a BSH-style cash handout.
PTPTN Loan Repayments From 2013 – May 2019 According To Age Group
Education Minister Maszlee Malik told Parliament PTPTN loan repayments made according to age group.
New Departure Levy May Be Implemented From September
The government plans to impose the departure levy on outbound air travellers in September, after Hajj season in August.
RM486.29mil In Tax Refunds Failed To Be Paid Out Last Year
The Inland Revenue Board of Malaysia (IRB) failed to pay out RM486.29mil in tax refunds last year because recipients did not update their personal data and bank account details.
Selangor State Government Offers Health Schemes For B40 Group
The Selangor state government allocated RM5mil to offer health assistance under the Bantuan Sihat Selangor scheme for the B40 group.
Government To Draft A New Inclusive Economic Policy Focused On “Shared Prosperity”
A new economic policy for the Malays will be drawn to be based on the concept of shared prosperity.
IRB: Malaysia’s Income Tax Rates Are Competitive
The income tax rates in Malaysia are still competitive compared to other nations with higher tax rates.