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Malaysia issued its first general duty revenue stamps in 1975, inscribed Hasil Malaysia (Revenue Malaysia) and depicting the country's coat of arms. Three values of $25, $100 and $250 were issued. In 1982, the coat of arms was changed slightly so the set was reissued with the new version. This time $500 and $1000 values were added.
The first Customs Day celebration was inaugurated by the Honourable Minister of Finance on the compound of the Royal Customs and Excise Malaysia Training College (now Royal Malaysian Customs Academy). 1987 saw Langkawi declared detached from the Main Customs Area and made the second free port in Malaysia after Labuan.
Malaysia's car industry is dominated by two local manufacturers which are heavily supported by the government through National Car Policy e.g. trade barriers. These local manufacturers are Proton and Perodua. [2] These excise duties imposed on foreign manufactured cars have made them very expensive for consumers in Malaysia.
Toggle Customs Duty subsection. ... 1869 - Revenue stamps of Malaysia; Foreign Office ... 1948-c.1990 - Revenue stamps of Singapore; Somalia, 1943-1990s;
Singapore also issued various entertainments duty stamps to pay the tax on cinema tickets between 1955 and 1965. Singapore left Malaysia in 1965 and continued to issue its own revenue stamps independently until they were withdrawn in 1999.
The Singapore Customs is a law enforcement government agency under the Ministry of Finance of the Government of Singapore. Singapore Customs was reconstituted on 1 April 2003, after the Customs and Excise Department and the Trade Facilitation Division and Statistics Audit Unit of International Enterprise Singapore (IE Singapore) were merged. [ 1 ]
A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
These were replaced around 1990 with a set of four values inscribed STAMP DUTY INLAND REVENUE SINGAPORE. [1] The last set of low values as well as the high values were withdrawn by the IRAS in 1999, as from that year e-stamps were used. As an effort to raise money, 2500 sets of revenue stamps were sold to collectors by the Authority in 2012.