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Goods And Services Tax (malaysia)
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%. Many domestically consumed items such as fresh foods, water and electricity are zero-rated, while some supplies such as education and health services are GST exempted. After Pakatan Harapan won the 2018 Malaysian general election, GST was reduced to 0% on 1 June 2018. The then Government of Malaysia tabled the first reading of the Bill to repeal GST in Parliament on 31 July 2018 (Dewan Rakyat). GST was replaced with the Sales Tax and Service Tax starting 1 September 2018. Background GST was scheduled to be implemented by the government during the third quarter of 2011, but the implementation was delayed until 1 April 2015. Its purpose was to repl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysians
Malaysians are nationals and citizens who are identified with the country of Malaysia. Although citizens make up the majority of Malaysians, non-citizen residents and overseas Malaysians may also claim a Malaysian identity. The country is home to people of various national, ethnic and religious origins. As a result, many Malaysians do not equate their nationality with ethnicity, but with citizenship and allegiance to Malaysia. Majority of the population, however, belong to several clearly defined racial groups within the country with their own distinct cultures and traditions: Malays, Orang Asli (aboriginal population), Malaysian Chinese (primarily Han Chinese), Malaysian Indians (primarily Tamils). The majority of the non-Malay and non-aboriginal population in modern Malaysia is made up of immigrants and their descendants. Following the initial period of Portuguese, Dutch and then significantly longer British colonisation, different waves (or peaks) of immigration ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services Tax (Australia)
Goods and Services Tax (GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5%). GST is levied on most transactions in the production process, but is in many cases refunded to all parties in the chain of production other than the final consumer. The tax was introduced by the Howard government and commenced on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out a number of various State and Territory Government taxes, duties and levies such as banking taxes and stamp duty. An increase of GST to 15% has been put forward, but is generally lacking in bipartisan support. Introduction of GST Les Bury, federal treasurer in the Gorton government from 1969 to 1971, was an early supporter of a broad-based national consumption tax, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services Tax (India)
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes. Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pekan (federal Constituency)
Pekan is a federal constituency in Pekan District and Kuantan District, Pahang, Malaysia, that has been represented in the Dewan Rakyat The Dewan Rakyat (English: 'House of Representatives'; ) is the lower house of the bicameral Parliament, the federal legislature of Malaysia. The chamber and its powers are established by Article 44 of the Constitution of Malaysia. The Dewan ... since 1959. The federal constituency was created from parts of the Pahang Timor constituency in the 1958 redistribution and is mandated to return a single member to the Dewan Rakyat under the first past the post voting system. Demographics https://live.chinapress.com.my/ge15/parliament/PAHANG History Polling districts According to the federal gazette issued on 31 October 20220 March 2018, the Pekan constituency is divided into 56 polling districts. Representation history State constituency Current state assembly members Local governments Election results ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In Malaysia
The COVID-19 pandemic in Malaysia is part of the ongoing worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). , with over 4,945,000 confirmed COVID-19 cases, over 27,000 active cases, over 36,648 deaths, and more than 66 million tests, the country is currently ranked third in the number of COVID-19 cases in Southeast Asia behind Vietnam and Indonesia, and fourth in the number of COVID-19 deaths in Southeast Asia behind Indonesia, the Philippines, and Vietnam. Since January 2020, the medical response and preparedness for the outbreak in Malaysia are overseen by the Director-General of Health Noor Hisham Abdullah under the Health Ministry of three successive governments led by the Mahathir, Muhyiddin and Ismail Sabri cabinets. The first cases in Malaysia were confirmed among travellers from China in Johor via Singapore on 25 January 2020, and continued to be limited to a few imported cases until March 2020, when s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anwar Ibrahim
Anwar bin Ibrahim ( ms, انور بن ابراهيم, label= Jawi, script=arab, italic=unset, IPA: ; born 10 August 1947) is a Malaysian politician who has served as the 10th Prime Minister of Malaysia since November 2022. He served as the 12th and 16th Leader of the Opposition from August 2008 to March 2015 and again from May 2020 to November 2022. He has also served as Minister of Finance from March 1991 to September 1998 and again since December 2022 and 2nd Chairman of the Pakatan Harapan (PH) coalition since May 2020, 2nd President of the People's Justice Party (PKR) since November 2018 and the Member of Parliament (MP) for Tambun since November 2022. He also served as Deputy Prime Minister and in many other Cabinet positions in the Barisan Nasional (BN) administration under former Prime Minister Mahathir Mohamad from 1982 until his removal in 1998. A graduate from University of Malaya, Anwar started his political career as one of the founders of youth organisation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dewan Negara
The Dewan Negara (English: Senate; lit. "State Council") is the upper house of the Parliament of Malaysia, consisting of 70 senators of whom 26 are elected by the state legislative assemblies, with two senators for each state, while the other 44 are appointed by the Yang di-Pertuan Agong (King), including four who are appointed to represent the federal territories. The ''Dewan Negara'' usually reviews legislation that has been passed by the lower house, the ''Dewan Rakyat''. All bills must usually be passed by both the ''Dewan Rakyat'' and the ''Dewan Negara'' (the Senate), before they are sent to the King for royal assent. However, if the ''Dewan Negara'' rejects a bill, it can only delay the bill's passage by a maximum of a year before it is sent to the King, a restriction similar to that placed on the House of Lords in the United Kingdom. Like the ''Dewan Rakyat'', the ''Dewan Negara'' meets at the Malaysian Houses of Parliament in Kuala Lumpur. Originally, the Dewan N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdul Rahim Bakri
Datuk Haji Abdul Rahim bin Bakri ( Jawi: عبدالرحيم بن بكري; born 11 April 1961) is a Malaysian politician who served as the Deputy Minister of Finance I in the Perikatan Nasional (PN) administration under former Prime Minister Muhyiddin Yassin and former Minister Tengku Zafrul Aziz from March 2020 to August 2021, Deputy Minister of Defence, Deputy Minister of Transport, Deputy Minister of Foreign Affairs in the Barisan Nasional (BN) administration under former Prime Ministers Abdullah Ahmad Badawi and Najib Razak and former Ministers Rais Yatim, Ong Tee Keat, Kong Cho Ha and Hishammuddin Hussein from March 2008 to May 2013 and Member of Parliament (MP) for Kudat from March 2008 to November 2022. He is a member of the Malaysian United Indigenous Party (BERSATU), a component party of the ruling PN coalition was a member of the United Malays National Organisation (UMNO), a component party of the BN coalition. After the defeat of BN to PH in the 2018 general ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2020–21 Malaysian Political Crisis
The dash is a punctuation mark consisting of a long horizontal line. It is similar in appearance to the hyphen but is longer and sometimes higher from the baseline. The most common versions are the endash , generally longer than the hyphen but shorter than the minus sign; the emdash , longer than either the en dash or the minus sign; and the horizontalbar , whose length varies across typefaces but tends to be between those of the en and em dashes. History In the early 1600s, in Okes-printed plays of William Shakespeare, dashes are attested that indicate a thinking pause, interruption, mid-speech realization, or change of subject. The dashes are variously longer (as in King Lear reprinted 1619) or composed of hyphens (as in Othello printed 1622); moreover, the dashes are often, but not always, prefixed by a comma, colon, or semicolon. In 1733, in Jonathan Swift's ''On Poetry'', the terms ''break'' and ''dash'' are attested for and marks: Blot out, correct, insert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Institute Of Economic Research
Malaysian may refer to: * Something from or related to Malaysia, a country in Southeast Asia * Malaysian Malay, a dialect of Malay language spoken mainly in Malaysia * Malaysian people, people who are identified with the country of Malaysia regardless of their ethnicities. Most Malaysians are of Malay, Chinese and Indian descent. ** Malaysian diaspora, Malaysian emigrants and their descendants around the world * Malaysian cuisine, the food and food culture of Malaysia * Malaysian culture, culture associated with Malaysia * The call sign and colloquial name of Malaysia Airlines Malaysia Airlines Berhad (MAB; ms, Penerbangan Malaysia Berhad), formerly known as Malaysian Airline System (MAS; ), and branded as Malaysia Airlines, is the flag carrier airline of Malaysia and a member of the Oneworld airline alliance. (Th ... See also * Malaysian names, names as used by the Malaysian people * * * Malays (other) * Malaya (other) * Malay (other) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
