GST zero rated from June 1

KUALA LUMPUR: The Goods and Services Tax (GST) will be set at zero percent beginning June 1, 2018, says the Finance Ministry.

In a statement, the Ministry said that the reduction of the rate from the current 6% to 0% will be implemented nationwide until a further announcement is made.
This decision does not include goods and services listed in the Goods and Services Tax (Exempt Supply) Order 2014, which remain exempted from GST.
"As such, all registered traders must follow the decision of the zero rate now. At the same time, registered businesses are still subjected to all current regulations," said the Ministry.

Read more at https://www.thestar.com.my/news/nation/2018/05/16/gst-zero-rated-from-june-1/#WKDxeFP6H5Mfvpwq.99

The differences between GST and SST

We are only few months away from the implementation of the much talked about Goods and Services Tax (GST) on April 1, 2015.

This tax will be replacing the Sales and Services Tax (SST) which is a single stage of consumption tax where businesses cannot recover the tax paid on their purchases. This tax will be treated as a cost to business.

Here are the differences between GST and SST:

马哈迪：直接取消消费税

希望联盟会长敦马哈迪重申，他们不是要降低消费税率，而是直接取消消费税，並会用销售税来取代。

他指出，联邦宪法並没有说明，需要获得多数政党的支持，才能担任首相。

他说，希望联盟4党领袖已经联署，並会致函给国家元首，要求元首必须委任首相。

他强调，无论如何，新政府必须在今天就必须成立，而首要事情就是先委任首相。

他说，这是很紧急的事情，国家不能一日没有政府，而国家元首的角色，就是先委任首相。

http://www.orientaldaily.com.my/s/242651

Ali Hamsa declares nationwide public holidays on May 10 and 11

PETALING JAYA: Chief Secretary to the Government Tan Sri Dr Ali Hamsa has declared nationwide public holidays on Thursday (May 10) and Friday (May 11).

"For states that observe Friday and Saturday as their weekend, Sunday, May 13 will be the replacement public holiday," said Ali Hamsa in a statement on Thursday.
The public holiday declaration was made in accordance to Section 8 of the Holidays Act 1951 that covers peninsular Malaysia and Labuan.
For Sabah and Sarawak, the state governments have declared the public holidays in accordance with the Holiday Ordinance.

TAGS / KEYWORDS:GE14 , Ali Hamsa , Public Holiday

Read more at https://www.thestar.com.my/news/nation/2018/05/10/chief-secretary-declares-thursday-and-friday-public-holidays/#rxpOXQHLf3Vf6mg6.99