Customs To Be Corporatised Next Year

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SUNGAI PETANI, May 18 – The Customs Department will be corporatised next year after the matter is tabled in Parliament this October. Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah said the move was very good in efforts to raise the productivity of Customs personnel in carrying out their duties. “Tax revenue collected has also increased and will be contributed to the country,” he told reporters after officiating the RM13.02 million Customs Office (Enforcement) building in Tanjung Dawai near here Sunday.

He said a study on the matter had been completed and would be tabled in Parliament this October as well as amendments to several acts relating to taxes to be made before being implemented. He cited the Inland Revenue Board as an example that succeeded in contributing high revenue to the country after its corporatisation. Mohd Irwan said Customs contributed a revenue, totalling RM33.12 billion, last year and projected a revenue collection of RM36 billion this year for the country’s development.

Meanwhile, Customs Director-General Datuk Sri Khazali Ahmad said 55 small-scale companies that had bought goods and services tax (GST) software package would receive a government subsidy of RM1,000. He said the subsidy offered by the government would not burden these companies from acquiring the software that would make calculation of the prices of goods to be imposed with GST.

“Those that buy this software need to inform SME Corp before an approval to get the subsidy and we hope more such companies will apply to get this software,” he said. The government has allocated RM150 million to provide the RM1,000 subsidy to every small and medium scale companies to update their accounting system. The subsidy is expected to be implemented this June or July before the government enforces the GST from April next year.