While the Government is studying the possibility of imposing a tax on digital business platforms, there is no intention to disrupt small businesses that operate online, according to Second Finance Minister Datuk Johari Abdul Ghani.
Digital business platforms generate billions of ringgit in revenue, but do not pay taxes as there is no specified tax structure for them.
“We should not hinder small online businesses by imposing any tax, at this moment.
“When you start taxing small businesses, you make it difficult for them to grow,” Johari said after opening the National Tax Conference 2016 (NTC 2016) here.
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Digital business platforms generate billions of ringgit in revenue, but do not pay taxes as there is no specified tax structure for them.
“We should not hinder small online businesses by imposing any tax, at this moment.
“When you start taxing small businesses, you make it difficult for them to grow,” Johari said after opening the National Tax Conference 2016 (NTC 2016) here.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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