26 August 2008

Towards a better tax system
THE Malaysian Institute of Taxation (MIT) has presented its views on proposals on various tax measures that should be considered by the Finance Ministry in developing Budget 2009.  [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/8/26/
business/1881315&sec=business

Govt Does Not Intend To Abolish 5 Pct Service Tax, Dewan Rakyat Told
The Government does not intend to abolish the five percent service tax as it is a consumption tax which is one of the major revenue to the government, the Dewan Rakyat was told Monday. Deputy Finance Minister Datuk Kong Cho Ha said companies were only acting as government agents to collect the tax from the sales value.  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=355014

5pc service tax to stay
[New Straits Times]
http://www.nst.com.my/Current_News/NST/Tuesday/National/
2332171/Article/index_html

27 August 2008

Govt to review plantation windfall tax
The government will look into the formula of the windfall tax imposed on the plantation industry following proposals by planters and palm oil refiners, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said.   [The Edge Daily]
http://www.theedgedaily.com/cms/content.jsp?
id=com.tms.cms.article.Article_fce8db57-cb73c03a-11151520-27949440

29 August 2008

Taxation regime for REITs
WOULD a tax regime in a country be able to promote the real estate investment trust (REIT) industry? Malaysia currently has 13 REITs in the market (compared with 19 in Singapore and seven in Hong Kong). The following are the overriding salient features of the tax regime in Malaysia for REITs.  [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/8/29/
business/1909933&sec=business

1 September 2008

2009 Budget Highlights
Highlights of the 2009 Budget, tabled by Prime Minister Datuk Seri Abdullah Ahmad Badawi at the Dewan Rakyat Friday.
http://www.bernama.com/bernama/v5/newsindex.php?id=356033

Abdullah unveils RM207.9b Budget
http://thestar.com.my/news/story.asp?file=/2008/8/30/nation/
22208871&sec=nation

Budget 2009 highlights
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.
Article_dbca4eb0-cb73c03a-11151520-58ff0fa7

PM's 2009 Budget speech
The 2009 Budget speech by Datuk Seri Abdullah Ahmad Badawi, Prime Minister and Minister of Finance introducing the Supply Bill (2009) in the Dewan Rakyat Aug 29, 2008.
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.
Article_eed4eff0-cb73c03a-11151520-f322989c