DAP wants audit on RM800 million flood relief fund

Deputy Finance Minister Datuk Chua Tee Yong says GST on insurance products should not be a problem for most consumers. – The Malaysian Insider by Najjua Zulkefli, January 7, 2015.All insurance premiums, except for life insurance, will be subjected to the 6% goods and services tax (GST), which comes into effect in April, said Deputy Finance Minister Datuk Chua Tee Yong.He said, however, GST on insurance premiums was not an issue as consumers have all along been subjected to sales and service tax (SST)."With the exception of life insurance, any insurance premiums will be subjected to GST," he told reporters after attending a briefing with retailers in Petaling Jaya today."If I'm not mistaken, SST is levied at insurance." – January 7, 2015.MORE TO COME