Only 34 percent of Malaysian content creators files income tax.
According to a recent survey, the remainder either didn’t know that content creators need to file taxes…or were unsure if they qualified for income tax.
Nearly half of those surveyed were also unaware that compensation in the form of free products or hotel stays are classified as taxable income.
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It is too early to revert the Budi95 quota back to 300 liters a month.
The Finance Ministry says it is still assessing the impact of recent developments in the Middle East…with the US and Iran still discussing the terms of their peace deal.
Amid the geopolitical uncertainty, it says the government’s priority is on ensuring that Malaysians are protected from external shocks, while keeping subsidy spending manageable.
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Seven proposals have been unveiled to reshape the appointment of the public prosecutor.
The de-facto Law Minister says this includes having the appointment made by the King without the involvement of the Prime Minister …and having a fixed seven-year term, with no option for renewal.
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In other news…
The Transport Ministry has confirmed that the long-awaited LRT3 line is set to begin operations this coming Monday
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And, elsewhere…
Alan Greenspan, the former chairman of the US Federal Reserve who’s been hailed as the architect of the modern American economy, has died at the age of 100.
Also, influential music mogul Clive Davis, who oversaw the success of stars like Whitney Houston, Bruce Springsteen and Alicia Keys, among many others, has passed away at 94.
