Sun, 16 Jun 2024

HEADLINES :


ADVERTISEMENT

Govt mulls sales tax on gold taken out of Sabah: Julita
Published on: Tuesday, April 23, 2024
By: Ricardo Unto
Text Size:

Govt mulls sales tax on gold taken out of Sabah: Julita
The Assistant Finance Minister says this is one of the steps taken to improve the gold mining and smelting management processes to be more efficient in Sabah. (File pic)
Kota Kinabalu: The State Government will consider imposing State Sales Tax on gold taken out of Sabah, said Assistant Finance Minister Datuk Julita Majungki.

This, she said, is one of the steps taken to improve the gold mining and smelting management processes to be more efficient in Sabah.

“The State Government will also review contract agreements and ordinances, acts or enactments related to increasing the gold royalty rate from five percent to 10 percent on raw gold produced from mining activities,” she said at the State Legislative Assembly sitting, here, Tuesday.

* Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access.

* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.





ADVERTISEMENT






Top Stories Today

Sabah Top Stories


Follow Us  



Follow us on             

Daily Express TV  







close
Try 1 month for RM 18.00
Already a subscriber? Login here
open

Try 1 month for RM 18.00

Already a subscriber? Login here