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Its purpose was to replace the sales and service tax which has been used in the country for several decades. The government is seeking additional revenue to offset its budget deficit and reduce its dependence on revenue from Petronas, Malaysia's state-owned oil company. The 6% tax will replace a sales-and-service tax of between 5–15%. [4] [5]
Carrefour (taken over by AEON Group to become AEON BiG) [4] Jaya Supermarket; Makro (taken over by Tesco to become Tesco Extra) Senyum Supermarket; Tesco (converted into Lotus's after acquisition from Charoen Pokphand Group) [5] Tesco Extra (formerly Makro) Tops
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
This tax, known as Sales Tax, was imposed on all imported and local products, except those exempted under Sales Tax (Exemption) Order 1972, or were produced by manufacturers exempted from being licensed under Sale Tax (Licence Exemption) Order 1972. Accordingly, in 1975, the Government introduced yet another law called the Service Tax Act 1975.
All of the current Carrefour hypermarkets and supermarkets in Malaysia were then fully re-branded into Aeon BiG. [13] The acquisition of Carrefour Malaysia made Aeon as the second largest retailer in Malaysia, which combined the sales from Aeon Retail stores (formerly known as Jusco) and the former Carrefour outlets. [14]
As of 2023, this is a list of supermarket chains, past and present, which operate or have branches in more than one country, whether under the parent corporation's name or another name.
This page was last edited on 6 July 2006, at 22:01 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply ...
Tax incentives in Malaysia This page was last edited on 2 April 2017, at 16:54 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...