Tag: Malaysian scrap tax loss

MITI urges to tighten compliance under NIMP 2030 framework Illicit scrap exports cost MYR 160 mn/year in lost revenue The Malaysia Steel Association (MSA) has strongly endorsed the Malaysian Anti-Corruption Commission’s (MACC) nationwide operation, Ops Metal, which targets the evasion of the 15% export duty on steel scrap. Initiated in July with raids across 19…