Tag: GST refunds
The finance minister says this in justifying the use of a special one-off dividend from Petronas.
One was Penang deputy CM and the other is DAP deputy secretary-general, says the leader, after speaker Mohamad Ariff Md Yusof says his son is Lim's press secretary.
Shahidan Kassim and Pang Hok Liong spark a shouting match between MPs from both sides of the divide.
The opposition bloc, which is filing two motions for debate, says there will be a conflict of interest if Mohamad Ariff Md Yusof were to chair the debate on his decision regarding Lim.
Opposition leader Ismail Sabri Yaakob asks if this is a conflict of interest and whether it had anything to do with the lack of action against Lim Guan Eng over his 'robbed' comment last year.
Mohamad Ariff Md Yusof bans the words following the protest by opposition MPs against Lim Guan Eng's remark last year on GST refunds.
The speaker's decision sparked discontent among many, especially BN MPs.
The Dewan Rakyat speaker says no elements of provocation were found in the finance minister's claim.
The former prime minister says the police should question Finance Minister Lim Guan Eng on his claim that money meant for GST refunds was 'robbed'.
Money can only be robbed if it is siphoned out of the consolidated fund without proper authorisation.
The finance minister says his ministry will not repeat the non-compliance pointed out by PAC.
Abdul Hamid Bador says the police's attention and resources have been diverted.
However, Deputy Speaker Nga Kor Ming tells opposition leader Ismail Sabri Yaakob to write to the Dewan Rakyat speaker on the matter.
Bi-partisan committee finds GST revenue which was not transferred to a fund for refunds was used for development and management expenses.
This comes ahead of the bi-partisan committee's report next week.
Its minister Lim Guan Eng says RM7.6 billion went to income tax refunds while RM9.5 billion was refunded to GST registrants.
Companies which make claims involving millions of ringgit will be audited before the claims are processed.
Finance Minister Lim Guan Eng says the committee was under the impression that RM19.4 billion was still in the government trust fund.
The finance minister will be called in after Nov 2.
The non-refund of more than RM35 billion to taxpayers is an assault on the integrity of Malaysia's financial system and needs to be strictly addressed.
The Finance Minister highlights the impact of GST on inflation, pointing to core inflation rate falling to -0.2% in July following GST zero-rating.
The prime minister says there must be something wrong if Najib Razak, who was also the finance minister, was unaware of the movement of the money.
The finance minister says some of the 1,653,786 cases due to a shortage of transfers from the direct tax revenue collected to the Tax Refunds Trust Fund date as far back as six years.
The finance minister says the correct amount is RM19.2 billion, not nearly RM18 billion as announced last week.
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