SEOUL (Reuters) - Samsung Electronics estimated on Tuesday a 274% jump in third-quarter operating profit but missed analyst estimates, as it struggled to capitalise on strong demand for chips used in artificial intelligence servers.
GEORGE TOWN: The anticipated implementation of the High-Value Goods Tax will create a comprehensive tax system for small and medium-sized enterprises , mainly impacting gold and jewellery manufacturers, it was pointed out.
It was reported that the government is expected to introduce five new taxes under Budget 2025 to promote healthier lifestyles, support sustainable living and address economic inequality. “It could push industries to adopt greener technologies but the challenge will be balancing economic growth with environmental responsibilities, especially in sectors like manufacturing and energy, which form key parts of the economy.
“Countries that have luxury goods tax include Indonesia, Botswana, Chile, Thailand, Tunisia, Turkey and Hungary. This is something CAP has called for during previous budgets,” he said.Mohideen said CAP had also previously proposed an inheritance tax.
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