Fast, factual wire coverage from across Malaysia and the region.
Victims of sophisticated AI-powered investment scams face a cruel second blow when the IRS treats fraudulently withdrawn retirement funds as taxable income, sometimes triggering early withdrawal penalties that compound financial devastation.
Malaysia's Ministry of Finance is examining whether to exempt registered elderly care centres from the eight per cent service tax, responding to concerns that the levy imposes hardship on families already struggling with high living costs.
The Malaysian Cabinet has approved a review of the e-invoice system and mandatory EPF contributions for foreign workers, responding to concerns from businesses about implementation burdens during uncertain global economic conditions.
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Prime Minister Anwar Ibrahim has approved a 10-year extension of tax exemption for Tunku Abdul Rahman University of Management and Technology (TAR UMT), recognizing its contribution to affordable private higher education in Malaysia.