27
Aug
12:19
Misif bemoans tax rebate delays
Malaysian steel firms could face disrupted cash flows and a risk of suspended operation if there are further delays in the refund of the goods and services tax (GST), says the Malaysian Iron and Steel Industry Federation (Misif). GST was introduced in April 2015 and expected to be formally repealed on 1 September, Kallanish notes.
The Malaysian Ministry of Finance recently admitted that MYR 19.25 billion ($4.68 billion) in GST rebates had not been paid…
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Anonymous
Very good overview of the weekly steel market.
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