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The SSM was formed in 2002 under the Companies Commission of Malaysia Act 2001, assuming the functions of the Registrar of Companies and Registry of Business. [1] The main purpose of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public.
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia.GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer.
Under the EU system of VAT, where a person carrying on an economic activity supplies goods and services to another person, and the value of the supplies passes financial limits, the supplier is required to register with the local taxation authorities and charge its customers, and account to the local taxation authority for VAT (although the ...
Throughout Malaysia: Passed by: Dewan Rakyat: Passed: 13 December 1965: Enacted: 1966 (Act No. 13 of 1966) 1987 (Act 335 w.e.f. 19 October 1987) Passed by: Dewan Negara: Passed: 22 December 1965: Effective [1 February 1966, P.U. 24/1966] Legislative history; First chamber: Dewan Rakyat; Bill title: Societies Bill 1966: Introduced by: Ismail ...
Location of Malaysia. Malaysia is a federal constitutional monarchy located in Southeast Asia. It is a relatively state-oriented and newly industrialised market economy. [1] [2] The state plays a significant but declining role in guiding economic activity through macroeconomic plans.
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The Ministry of Investment, Trade and Industry (Malay: Kementerian Pelaburan, Perdagangan dan Industri; Jawi: كمنترين ڤلابورن، ڤرداڬڠن دان ايندوستري ), abbreviated MITI, is a ministry of the Government of Malaysia that is responsible for international trade, industry, investment, productivity, small and medium enterprise, development finance institution ...