4 June 2008

Govt Will Continue To Take Measures To Improve Business Environment
The government will continue to undertake measures and streamline policies to further improve the country's business environment, Deputy International Trade and Industry Minister Datuk Jacob Dungau Sagan said. He said some of the measures will include the further reduction of tax to 25 percent. It was brought down to 27 percent in 2007, and 26 percent this year.  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=337166


5 June 2008

Windfall tax likely on IPPs
The federal government is most likely to impose a 5% windfall tax on the local revenue of independent power producers (IPPs), sources said. One of them said the move may be announced by Prime Minister Datuk Seri Abdullah Ahmad Badawi today as part of the government's overall review of its subsidy schemes. On May 22, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad had said the government was mulling the imposition of a windfall tax to boost its revenue, but did not elaborate.  [The Edge]
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_516c7b7c-cb73c03a-18992130-f5ce1c6f

Oil palm companies to pay windfall tax from July 1
The Government will impose windfall tax on oil palm companies starting July 1.An analyst said under the Windfall Profit Levy Act 1998, a windfall levy would be imposed on crude palm oil (CPO) and crude palm kernel oil (CPKO) when the prices are in excess of the threshold of RM2,000 per tonne.  [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/6/5/business/21462134&sec=business


6 June 2008

Govt To Propose New Road Tax Rates In 2009 Budget
Ong said the proposed road tax reduction would be one of the ways to ease the burden of the people following the fuel price hike.   [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=337599

9 June 2008

Windfall Tax
SOME power producers may be able to pass on the cost of a windfall tax to Tenaga Nasional Bhd (TNB), a senior industry official said.This is due to a clause in their power purchase agreements (PPAs) with TNB.PPAs are long-term contracts under which TNB agrees to buy power from the IPPs.Starting July 1, IPPs and oil palm planters will be subjected to a windfall tax. The tax is part of the government's plan to cut fuel subsidies that have soared because of record high crude oil prices.  [Business Times]

http://www.btimes.com.my/Saturday/Frontpage/powo1.xml