Clear, modern coverage of Malaysian news and analysis.
Two directors of a caster wheel manufacturer in Penang have been charged with seven counts relating to unpaid sales tax worth RM193,306.28, raising concerns about tax compliance in the manufacturing sector.
Malaysia's Finance Ministry has clarified that savings from the targeted RON95 petrol subsidy mechanism are being redirected toward expanded social assistance, food security initiatives, and business support measures rather than retained as fiscal surplus.
Malaysia's cabinet has agreed to conduct a comprehensive review of the e-Invoice system implementation, Deputy Prime Minister Ahmad Zahid Hamidi announced, signalling potential adjustments to the digital tax reporting framework.
Malaysia's Inland Revenue Board has rolled out MyInvois e-POS, a free digital platform enabling SMEs to manage sales, inventory and e-Invoices simultaneously. Designed for businesses earning up to RM5mil annually, it requires only a smartphone or tablet.