Tag: MOF
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Digital Continuous Transactional Reporting for VAT: OECD Policy and Design Considerations
Overview: Why Digital Continuous Transactional Reporting (DCTR) for VAT matters Digital Continuous Transactional Reporting for Value-Added Tax (VAT) is an approach where tax authorities receive near real-time information on business transactions. The OECD report, prepared with input from national authorities such as the Ministry of Finance (MoF) and the Central Board of Indirect Taxes and…
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OECD Digital Continuous Transactional Reporting for VAT: Policy and Design
Overview: What Digital Continuous Transactional Reporting for VAT Entails The OECD report on Digital Continuous Transactional Reporting for Value-Added Tax (VAT) presents a framework for real-time or near‑real‑time VAT data collection. The goal is to improve accuracy, reduce compliance costs for businesses, and close revenue gaps for governments. By moving from periodic VAT returns to…
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Malaysia Sets Unsubsidised Petrol Prices for Nov 13–19: RON97 at RM3.25 and RON95 at RM2.65
Malaysian Government Publishes Unsubsidised Petrol Prices for Nov 13–19 The Malaysian government has announced the unsubsidised retail prices for petrol for the period of November 13 to November 19. According to a press release from the Ministry of Finance (MOF), RON97 will be priced at RM3.25 per litre, while RON95 will be priced at RM2.65…
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Malaysia Sets Unsubsidised RON97 at RM3.25 and RON95 at RM2.65 for Nov 13–19
Malaysia Prices Unsubsidised RON97 and RON95 for Nov 13–19 Malaysia’s government has set the unsubsidised retail prices for two key petrol grades, RON97 and RON95, for the week of November 13 to 19. The Ministry of Finance (MOF) announced that RON97 will be priced at RM3.25 per litre while RON95 will be priced at RM2.65…