Mon05212018

LAST_UPDATESun, 20 May 2018 9pm

Maintain Records Post-Abolition Of GST, Companies Told

KUALA LUMPUR: Companies should continue to maintain records post-abolition of Goods and Services Tax (GST), as tax audits can be expected upon deregistration, which may take place up to seven years from the time of supply, said Ernst & Young Advisory Services Sdn Bhd (E&Y).

Read more: Maintain Records Post-Abolition Of GST, Companies Told

Cambridge Analytica Starts Bankruptcy Proceedings In US

Cambridge Analytica has filed for bankruptcy in the US.

Read more: Cambridge Analytica Starts Bankruptcy Proceedings In US

Airbnb To Report Homeowners' Income To Danish Tax Authorities

Airbnb will automatically report homeowners' income to tax authorities in Denmark under a landmark move.

Read more: Airbnb To Report Homeowners' Income To Danish Tax Authorities

Bond Market Displayed Resilience Despite Cautious Sentiment Post-GE14

KUALA LUMPUR -- The Malaysian bond market was largely resilient in the week following the unexpected outcome of the 14th General Election (GE14).

Read more: Bond Market Displayed Resilience Despite Cautious Sentiment Post-GE14

Proton Offers Cash Rebate Option

KUALA LUMPUR – In response to the government’s move to zero-rate the Goods and Services Tax (GST) starting June 1, 2018, Proton Holdings Bhd is offering its customers service vouchers and cash rebates equivalent in value to the difference between pre- and post- GST prices of its cars.

Read more: Proton Offers Cash Rebate Option

MQA Urged To Review Tourism Management Courses

PETALING JAYA – The Malaysian Qualifications Agency (MQA) is being urged to review the tourism management courses offered at local higher education institutions to ensure the modules are up to date and able to produce highly-employable graduates who can become specialists in their field.  

Read more: MQA Urged To Review Tourism Management Courses

Perodua Offers GST Refund In Cash Ahead Of June 1

KUALA LUMPUR – Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will fully reimburse the Goods and Services Tax (GST) to customers who buy a new Perodua vehicle, service their Perodua vehicle or purchase parts between May 18 and May 31, 2018, ahead of the zero-rated GST implementation on June 1.

Read more: Perodua Offers GST Refund In Cash Ahead Of June 1

Abolishing Tolls Will Impact RM53 Bln Of Toll-Road Bonds, Sukuk - RAM

KUALA LUMPUR -- RAM Ratings (RAM) expects bonds and sukuk issued by toll road concessionaires to be affected by the new administration’s intention to abolish the imposition of highway tolls.

Read more: Abolishing Tolls Will Impact RM53 Bln Of Toll-Road Bonds, Sukuk - RAM

MATTA Lauds Move To Reduce GST Rate

Datuk Tan Kok Liang.

KUALA LUMPUR – The Malaysian Association of Tour and Travel Agents (MATTA) has welcomed the government’s move to reduce the Goods and Services Tax (GST) rate to zero per cent effective June 1, 2018.

Read more: MATTA Lauds Move To Reduce GST Rate

Singapore Airlines To Upgrade SilkAir's Cabin Products Then Merge It With Parent

SINGAPORE: Singapore Airlines Ltd said on Friday it would spend more than S$100 million (US$74.5 million) upgrading the cabins of regional arm SilkAir as part of a multi-year initiative that would eventually result in a merger with the parent airline.

Read more: Singapore Airlines To Upgrade SilkAir's Cabin Products Then Merge It With Parent