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Ministry of Finance on Facebook. The Ministry of Finance ( Malay: Kementerian Kewangan ), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget.
Money portal. v. t. e. A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. [1] [2] Depending on the jurisdiction, revenue services may be charged with tax collection, investigation of tax evasion, or carrying out audits.
The Urban Transformation Centre (UTC) ( Malay: Pusat Transformasi Bandar) is a public amenities centre located at some state capitals and urban areas in Malaysia. The rural counterpart of UTC is Rural Transformation Center (RTC). UTC can be found in the tallest building by state in Malaysia, such as City Plaza Tower in Kedah, KOMTAR Tower in ...
The Association of Tax Authorities of Islamic Countries was introduced in 2003, however it became OIC's affiliated organ in December 2010 after the government of Sudan submitted a request to grant the ATAIC an affiliate organ status. The request was formally approved through a resolution no. 7/38-ORG by the OIC Council of Foreign Ministers in ...
The Ministry of Home Affairs ( Indonesian: Kementerian Dalam Negeri; abbreviated as Kemendagri) is an interior ministry of the government of Indonesia responsible for matters of the state. The ministry was formerly known as the Department of Home Affairs ( Departemen Dalam Negeri; Depdagri) until 2010 when the nomenclature of the Department of ...
Imagine that there are three tax brackets: 10%, 20%, and 30%. The 10% rate applies to income from $1 to $10,000; the 20% rate applies to income from $10,001 to $20,000; and the 30% rate applies to all income above $20,000. Under this system, someone earning $10,000 is taxed at 10%, paying a total of $1,000. Someone earning $5,000 pays $500, and ...
The Inland Revenue Board of Malaysia, also known as Lembaga Hasil Dalam Negeri Malaysia (LHDN), is responsible for enforcing laws related to taxation in Malaysia. It is an agency under the Ministry of Finance and is responsible for collecting and administering various types of taxes, including income tax, goods and services tax (GST), and real ...
Cyberjaya. Cyberjaya (a portmanteau of cyber and Putrajaya) is a city with a science park as its core that forms a key part of the Multimedia Super Corridor in Malaysia. It is located in Sepang District, Selangor. Cyberjaya is adjacent to and developed along with Putrajaya, Malaysia's government seat.