Highlights

save malaysia!!!

Author: savemalaysia   |   Latest post: Fri, 24 May 2019, 6:17 PM

 

Tourism tax revenue to be distributed to state govts in 1Q — Guan Eng

Author:   |    Publish date:


KUALA LUMPUR (Jan 7): The federal government will distribute the 50% tourism tax revenue to state governments in the first quarter (1Q) of 2019, says Finance Minister Lim Guan Eng.

He said the distribution would be made after the tourism tax revenue accounts for 2018 had been finalised.

“The distribution will be made without taking into consideration whether a state still owes or is in arrears with the federal government.

“This means that Sarawak will still receive the tourism tax revenue distribution even though the state still owes RM2.5 billion and with arrears of RM50 million to the federal government,” he said in a statement today.

Lim said according to the Federal Constitution, the tourism tax is a federal revenue and state governments were not entitled to it.

“Nevertheless, on the basis of the federal government’s respect to the states, the distribution of 50% from the (tourism) tax will be made as announced in the 2019 Budget on Nov 2, last year,” he added.

 

 

 

http://www.theedgemarkets.com/article/tourism-tax-revenue-be-distributed-state-govts-1q-%E2%80%94-guan-eng

Share this

  Be the first to like this.
 


 

417  266  466  748 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 VC 0.25-0.02 
 VC-PA 0.06+0.005 
 IMPIANA 0.035-0.005 
 LAMBO 0.06+0.005 
 HSI-C5J 0.255+0.01 
 HSI-C5H 0.28+0.01 
 SAPNRG 0.29-0.01 
 DAYANG 0.92+0.03 
 ARMADA 0.185+0.005 
 EKOVEST 0.77-0.005 
Partners & Brokers