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Irregularities in VAT payments REF#8520

Under the prevailing tax law and regulations, a taxable person is entitled to VAT refund if the purchase is made for businesses purposes with proper VAT invoices. To claim a refund, taxpayers must make sure they fulfill the eligibility criteria according to Prakas 576...

FMCG Committee meeting on Friday 21st June 2024

Duration: 1 hour On Friday 21st June, the Fast-Moving Consumer Goods (FMCG) Committee, led by its Chairman Mr. Daren Ong, held its second meeting to discuss several concerning issues within the industry. Here are the key takeaways: 𝐍𝐞𝐰 𝐏𝐨𝐥𝐢𝐜𝐲 𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐋𝐞𝐠𝐚𝐥...