ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday agreed to a proposed cut in upfront tax levies on import of plant and machinery and gradual reduction in corporate tax rates and general sales.
If any item is exempt from GST, manufacturers cannot claim credit for taxes paid on inputs. In such a situation, the price without GST could be higher as all input taxes are included in the cost.
KUALA LUMPUR: The act of going out seems to be on a downward trend, with crowds in public places nationwide reduced by between 40% and 60% this past weekend.
Inspector-General of Police Datuk Seri Acryl Sani Abdullah Sani said this is a positive development and hoped the public would continue giving its vital cooperation in curbing the spread of Covid-19. The key to preventing oneself from being infected with Covid-19 is self discipline among the people. The enforcement efforts by the authorities in curbing the spread of the virus will not succeed if the public still does not take compliance with standard operating procedures (SOP) seriously.