Sales and service tax needs a review in the 2019 budget

Review of Sales and Service Tax hoped for in the 2019 budget

Media Prima Television Network’s chief executive officer, Johan Ishak

It is hoped that the government will review the Sales and Service (SST) tax for the media industry in the 2019 budget.

Media Prima Television Network’s chief executive officer, Johan Ishak, said the media industry often had to pay high taxes and this affected profits.

“It is therefore hoped that the government can improve the implementation of SST so that there will not be any double taxation in the media industry.”

Implementation of the SST can be done comprehensively across all industries, but it needs to review certain industries to form sub-systems that are more appropriate to the business model.

“The implementation of SST needs to be improved so that it does not affect the media industry dramatically,” said Johan when met by reporters at the launch of Ringgit Plus and Ringgit Sense.

Johan added that for the budget this time, hopefully the government will focus more on development expenditure rather than operating expenses.

“Most of the previous budget was given to operating expenses over development expenditure.

“Maybe it’s time to intensify development expenditure to allow the country to develop faster,” he said.

Early October, MARKETING reported on the implementation of Sales & Service Tax (SST) which connotes that the cost of business is soon set to rise and how will it affect the clients.


Nominate Malaysia’s Best Marketers

Do you know a Bold & Brave marketer? Give us their names, because we want to celebrate them.

Held for the first time in Malaysia, the Chief Marketing Officer (CMO) Awards is here to reward the best in the business of marketing.

This award is to identify talent, transparency, tenacity and a take-charge attitude of deserving marketers. An eminent panel of industry leaders will decide on the winners.

There are 30 categories up for grabs at this year’s awards:

  • Best Marketer in B2B Marketing
  • Best Marketer in SME Marketing
  • Best Marketer in Millennial Marketing
  • Best Marketer in Data & Technology Marketing
  • Rising Marketing Star – Financial Services
  • Rising Marketing Star – Telco ….. and more!

All entries across all 30 categories for the inaugural year is FREE.

Send in your nominations before the closing deadline of October 26th.

The 7th Malaysian CMO Conference & Awards

Date: 16th November 2018

Venue: The Grand Ballroom, Sime Darby Convention Centre, KL.

For further details on the awards visit: www.marketingmagazine.com.my/cmo2018/awards

 


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The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.

This is the only event where Live Presentations meets Live Judging.

Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.

This year’s winners will receive Gold, Silver or Bronze trophies for 21 categories, and 6 special Best of Best categories (red trophies) that require no submissions!

Campaign entries must have run between June 2023 to May 2024

Submissions Deadline
30th June 2024

APPIES Festival – Judging & Presentations
11th – 12th July 2024 (Malaysia)

 

Download Event PDF
Submit Entries Here




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