Tuesday’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line with green or digital initiatives, say analysts. That’s bad news for the benchmark Straits Times Index, which has risen 2.9% so far this year.
A tax audit and/or investigation is defined as an examination of a taxpayer’s business records and financial affairs to ascertain that the right amount of income is declared and the right amount of tax is calculated and paid in accordance with the laws and regulations.
As promised by Pakatan Harapan as part of its election manifesto, the hugely unpopular GST has been scrapped as of 1 June 2018 to be replaced by the Sales and Service Tax (SST) from 1 September. Will the move from GST to SSTreally make a difference to consumers, business and the country?