In recent years, Malaysia has faced increasing presence of illicit products, estimated to have resulted in the loss of RM8 billion per annum in tax revenues. In this particular context, MICCI offered to be involved in and work with the Government to ensure serious and effective measures are planned and implemented to stop smuggling activities and reduce the presence of illicit products in the country. Amongst others, MICCI urged for the in-depth review of Free Trade Zones at ports and the possible creation of a Special Multi-Agency Task Force (SMAT Force) comprised of representatives from the Royal Customs Department (Customs), Ministry of Domestic Trade and Consumer Affairs, Ministry of Health, Police and the Malaysia Maritime Enforcement Agency.

At the same time, MICCI called for the streamlining of investment approval processes in order to facilitate business. Policy changes, including changes to taxation should be implemented with adequate consultation with the industry.

YB Lim noted at the meeting that he was thankful as the bill on Sales and Services Tax (SST) has been passed at Parliament paving its way for reintroduction in September 2018. YB assured that the Federal Government would adopt a liberal approach by providing leeway to the businesses however, he advised businesses not to take advantage by not registering under the SST.

In recent years, Malaysia has faced increasing presence of illicit products, estimated to have resulted in the loss of RM8 billion per annum in tax revenues. In this particular context, MICCI offered to be involved in and work with the Government to ensure serious and effective measures are planned and implemented to stop smuggling activities and reduce the presence of illicit products in the country. Amongst others, MICCI urged for the in-depth review of Free Trade Zones at ports and the possible creation of a Special Multi-Agency Task Force (SMAT Force) comprised of representatives from the Royal Customs Department (Customs), Ministry of Domestic Trade and Consumer Affairs, Ministry of Health, Police and the Malaysia Maritime Enforcement Agency.

At the same time, MICCI called for the streamlining of investment approval processes in order to facilitate business. Policy changes, including changes to taxation should be implemented with adequate consultation with the industry.

Datuk Tan Cheng Kiat congratulated YB Lim and the Government of Malaysia for the successful conclusion of the 14th General Elections. As one of the most established business chambers in the country, Datuk Tan Cheng Kiat reiterated that MICCI is fully committed to support economic development in the country.

YB Lim noted at the meeting that he was thankful as the bill on Sales and Services Tax (SST) has been passed at Parliament paving its way for reintroduction in September 2018. YB assured that the Federal Government would adopt a liberal approach by providing leeway to the businesses however, he advised businesses not to take advantage by not registering under the SST.

In recent years, Malaysia has faced increasing presence of illicit products, estimated to have resulted in the loss of RM8 billion per annum in tax revenues. In this particular context, MICCI offered to be involved in and work with the Government to ensure serious and effective measures are planned and implemented to stop smuggling activities and reduce the presence of illicit products in the country. Amongst others, MICCI urged for the in-depth review of Free Trade Zones at ports and the possible creation of a Special Multi-Agency Task Force (SMAT Force) comprised of representatives from the Royal Customs Department (Customs), Ministry of Domestic Trade and Consumer Affairs, Ministry of Health, Police and the Malaysia Maritime Enforcement Agency.

At the same time, MICCI called for the streamlining of investment approval processes in order to facilitate business. Policy changes, including changes to taxation should be implemented with adequate consultation with the industry.

President Datuk Tan Cheng Kiat together with key members of the General Committee namely Dato’ Andy Choong, Mr Azrani Rustam, Mr Freddie Lee, Dr Loi Kheng Min, Ms Renuka Indrarajah, Mr Sasedharan and Mr Shaun Cheah paid a courtesy visit on YB Lim Guan Eng, Minister of Finance on 17 August 2018.

Datuk Tan Cheng Kiat congratulated YB Lim and the Government of Malaysia for the successful conclusion of the 14th General Elections. As one of the most established business chambers in the country, Datuk Tan Cheng Kiat reiterated that MICCI is fully committed to support economic development in the country.

YB Lim noted at the meeting that he was thankful as the bill on Sales and Services Tax (SST) has been passed at Parliament paving its way for reintroduction in September 2018. YB assured that the Federal Government would adopt a liberal approach by providing leeway to the businesses however, he advised businesses not to take advantage by not registering under the SST.

In recent years, Malaysia has faced increasing presence of illicit products, estimated to have resulted in the loss of RM8 billion per annum in tax revenues. In this particular context, MICCI offered to be involved in and work with the Government to ensure serious and effective measures are planned and implemented to stop smuggling activities and reduce the presence of illicit products in the country. Amongst others, MICCI urged for the in-depth review of Free Trade Zones at ports and the possible creation of a Special Multi-Agency Task Force (SMAT Force) comprised of representatives from the Royal Customs Department (Customs), Ministry of Domestic Trade and Consumer Affairs, Ministry of Health, Police and the Malaysia Maritime Enforcement Agency.

At the same time, MICCI called for the streamlining of investment approval processes in order to facilitate business. Policy changes, including changes to taxation should be implemented with adequate consultation with the industry.

President Datuk Tan Cheng Kiat together with key members of the General Committee paid a courtesy visit on YB Lim Guan Eng, Minister of Finance on 17 August 2018.

President Datuk Tan Cheng Kiat together with key members of the General Committee namely Dato’ Andy Choong, Mr Azrani Rustam, Mr Freddie Lee, Dr Loi Kheng Min, Ms Renuka Indrarajah, Mr Sasedharan and Mr Shaun Cheah paid a courtesy visit on YB Lim Guan Eng, Minister of Finance on 17 August 2018.

Datuk Tan Cheng Kiat congratulated YB Lim and the Government of Malaysia for the successful conclusion of the 14th General Elections. As one of the most established business chambers in the country, Datuk Tan Cheng Kiat reiterated that MICCI is fully committed to support economic development in the country.

YB Lim noted at the meeting that he was thankful as the bill on Sales and Services Tax (SST) has been passed at Parliament paving its way for reintroduction in September 2018. YB assured that the Federal Government would adopt a liberal approach by providing leeway to the businesses however, he advised businesses not to take advantage by not registering under the SST.

In recent years, Malaysia has faced increasing presence of illicit products, estimated to have resulted in the loss of RM8 billion per annum in tax revenues. In this particular context, MICCI offered to be involved in and work with the Government to ensure serious and effective measures are planned and implemented to stop smuggling activities and reduce the presence of illicit products in the country. Amongst others, MICCI urged for the in-depth review of Free Trade Zones at ports and the possible creation of a Special Multi-Agency Task Force (SMAT Force) comprised of representatives from the Royal Customs Department (Customs), Ministry of Domestic Trade and Consumer Affairs, Ministry of Health, Police and the Malaysia Maritime Enforcement Agency.

At the same time, MICCI called for the streamlining of investment approval processes in order to facilitate business. Policy changes, including changes to taxation should be implemented with adequate consultation with the industry.

President Datuk Tan Cheng Kiat together with key members of the General Committee paid a courtesy visit on YB Lim Guan Eng, Minister of Finance on 17 August 2018.

President Datuk Tan Cheng Kiat together with key members of the General Committee namely Dato’ Andy Choong, Mr Azrani Rustam, Mr Freddie Lee, Dr Loi Kheng Min, Ms Renuka Indrarajah, Mr Sasedharan and Mr Shaun Cheah paid a courtesy visit on YB Lim Guan Eng, Minister of Finance on 17 August 2018.

Datuk Tan Cheng Kiat congratulated YB Lim and the Government of Malaysia for the successful conclusion of the 14th General Elections. As one of the most established business chambers in the country, Datuk Tan Cheng Kiat reiterated that MICCI is fully committed to support economic development in the country.

YB Lim noted at the meeting that he was thankful as the bill on Sales and Services Tax (SST) has been passed at Parliament paving its way for reintroduction in September 2018. YB assured that the Federal Government would adopt a liberal approach by providing leeway to the businesses however, he advised businesses not to take advantage by not registering under the SST.

In recent years, Malaysia has faced increasing presence of illicit products, estimated to have resulted in the loss of RM8 billion per annum in tax revenues. In this particular context, MICCI offered to be involved in and work with the Government to ensure serious and effective measures are planned and implemented to stop smuggling activities and reduce the presence of illicit products in the country. Amongst others, MICCI urged for the in-depth review of Free Trade Zones at ports and the possible creation of a Special Multi-Agency Task Force (SMAT Force) comprised of representatives from the Royal Customs Department (Customs), Ministry of Domestic Trade and Consumer Affairs, Ministry of Health, Police and the Malaysia Maritime Enforcement Agency.

At the same time, MICCI called for the streamlining of investment approval processes in order to facilitate business. Policy changes, including changes to taxation should be implemented with adequate consultation with the industry.