GST

Retail Asia20/02/2019

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From midnight tonight, Singapore duty-free allowances will be cut by about a third for returning travellers. Other allowances have also been reduced. Travellers staying outside of Singapore for fewer than 48 hours will be liable for 7 per cent GST on items bought overseas worth more than SG$100 – down from the previous threshold of […]

Retail Asia12/06/2018

Malaysian consumers are optimistic about the country’s economic outlook after the zero rating of the Goods and Services Tax (GST), with 82% of them opining that the economy will improve in the next 12 months, according to a survey conducted by Nielsen Malaysia. More than 1,000 Malaysians between the ages of 18 and 64 from […]

Retail Asia25/05/2018

Japanese retailer AEON Co (M) Bhd is adopting a wait-and-see approach when it comes to the upcoming abolishment of the Goods and Services Tax (GST) on June 1. Executive director Poh Ying Loo said Aeon was still seeking greater clarity from the Pakatan Harapan government. “The GST question was something that was also posed by […]

Retail Asia04/07/2017

Some of India’s biggest retailers announced price cuts on Saturday as Asia’s third-largest economy switched to a new nationwide sales tax at the stroke of midnight, replacing a host of provincial and national levies. The Goods and Services Tax (GST), India’s biggest tax reform in the 70 years since independence from British colonial rule, unifies the $2 […]

Retail Asia20/05/2016

Despite contributions from new outlets, Parkson Retail Asia’s department stores have seen third-quarter group revenue fall by 15.6 per cent to S$98.4 million (US$71.5 million), with a 14.4 per cent drop to S$294.6 million for the nine months of its current financial year. The Parkson revenue decline reflects same-store revenues falling in Malaysia and Vietnam, plus […]

Retail Asia27/11/2015

Malaysia-based Padini Holdings expects an even tougher year ahead as it deals with a double whammy of having to cut prices and pay more for its stock. Padini owns the brands Vincci, Seed and Miki as well as stores trading under its own brand. The company has revealed margins reduced by between three and five […]

Retail Asia23/04/2015

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Installing a point-of-sale (POS) system to issue printed receipts as part of implementing the goods and services tax (GST) will only be a one-time investment, the Malaysian Customs Department’s GST division told operators of small businesses on Thursday. GST division director Datuk T. Subromaniam said the system will be usable for a long-term basis and […]

Tag: GST

Smaller duty-free alcohol allowance and GST relief for overseas shopping

Malaysian consumers expect economy to improve with zero GST

Aeon adopts wait-and-see approach over GST

Indian retailers lure customers with discounts as GST kicks in

Parkson revenue falls

Padini fears margin squeeze

Malaysian customs urges small retailers to invest in GST-compliant sales system