Implementing Goods and Services Tax in Malaysia Lim Kim-Hwa Penang Institute & University of Cambridge limkimhwa@penanginstitute.org Ooi Pei Qi Penang Institute peiqi.ooi@penanginstitute.org 8 October 2013 Abstract External economic factors and Malaysia’s domestic fiscal position dictate that the Goods and Services Tax (GST) is likely to be introduced in the upcoming Budget 2014. In this paper, we: 1) assess if GST is a progressive or regressive tax; 2) study the impact of
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like to present to you our assignment for this subject which is business report on Overnight rates in Malaysia. The main purpose of this business report is to understand the past year event on the overnight rates in Malaysia from the year 2004 to 2010. Further, we would also like to predict the incoming overnight rates which will be announced by the Bank Negara Malaysia (Central Bank of Malaysia) by the year of 2012. In addition to that, we are agreed to submit our assignment on to the respective
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for the Malaysian economy, If implemented. The Malaysian government has to make procedure decisions on how to implement the GST. The most necessary decision about VAT is if it should be imposed as a expenditure, gross-product or income-type tax. Malaysia proposed a consumption-based GST. The use of invoices for GST provides more simplicity on how the tax is imposed. For VAT imposed as an income-type the accounting representation would be more suitable. In that case it would be based on the economic
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The recent introduction of GST (Goods and Services Tax) in Malaysia has had many scratching their heads into whether there will be a change in the price level of the Goods and Services for better or for worst – so in other words, Does GST has an impact on inflation? Some may argue that since the basic tax rates on most goods at point of sale are set to fall, how on earth can this be inflationary? Yet again, many has predicted that inflation will occur due to the introduction of GST, because GST is
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ANALYSIS OFＡCOMPANY LISTED ON BURSA MALAYSIA LECTURER: LEE HOCK GE Name Student ID Signature Aw Yong Li Wei 14PBD02557 Cheah Huey Shan 14PBD07187 Cheah Shu Ki 14PBD07227 Chua Wan Ling 14PBD03480 Jordan Tan Chyi Horng 14PBD04482 Lee Shei Wen 14PBD01641 Table of Contents No Title Pages 1. Introduction Company Background 1-2 2. Top- Down Approach 3 3. Economy Analysis: (a) Gross Domestic Product (GDP) (b) Business Cycle (c) Interest Rate (d) Inflation (e) Unemployment Rate 3-7 4. Sector/
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the economy as a whole. It is the study of the aggregate demand and aggregate supply which reflect the demand and supply of everybody in the whole country. It examines the activities and trends in economy’s wide phenomena, such as unemployment, inflation, economic growth, money supply, budget deficits, and exchange rates. The knowledge from this study will indicate the ‘health’ condition of economy in the country. As a business owner, the study of the macroeconomics is very important to make everyday
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Effects of Oil Price Shocks on the Economic Sectors in Malaysia Mohd Shahidan Shaari School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. Email: shahidanshaari@unimap.edu.my Tan Lee Pei School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. Email: pui_tlp@yahoo.com Hafizah Abdul Rahim School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. Email: hafizahrahim@unimap.edu.my ABSTRACT: This
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property (Christudason, 2004) Dunhill (2009) had mentioned that in these recent years, Malaysia property is getting a lot of attention from local and foreign investors (Dunhill, 2009). Government had injected the stimulate package cost RM650 million into the construction sectors by allowing more projects for residents in the mid year 2009 (Khim, 2008). This effort is included in the Ninth Malaysian Plan with ‘Malaysia my second home’, as Malaysian government had eliminated the restriction to promote
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the country. Impact on inflation should be gradual. Labour costs account for 9% of total production costs for the whole economy. But with only 26% of workers to benefit from the minimum wage, this group, at most, constitutes only 2.4% of total production cost, we estimate. According to a World Bank study in 2011, Malaysia’s wage growth (2.6% p.a.) was slower than productivity growth (6.7% p.a.), implying the capacity to implement minimum wage without causing excessive inflation rate pressures. We expect
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7. Economic Factors. Marketers need to consider the state of a trading economy in the short and long-terms. This is especially true when planning for international marketing. You need to look at: 1. Interest rates. 2. The level of inflation Employment level per capita. 3. Long-term prospects for the economy Gross Domestic Product (GDP) per capita, and so on. Sociocultural Factors. The social and cultural influences on business vary from country to country. It is very important
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