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JOHOR BAHRU – The government has agreed to review the implementation of the e-invoicing system as well as the proposed two per cent Employees Provident Fund (EPF) contribution for foreign workers.
Barisan Nasional (BN) chairman Datuk Seri Ahmad Zahid Hamidi said the decision was made during the Cabinet meeting on Wednesday.
He said BN had raised the matter to ensure that the financial burden on companies would be reconsidered by the Finance Ministry.
"I personally brought the matter to the Cabinet and the decision today (Wednesday) was for the implementation of e-invoicing to be reviewed so that the burden on companies can be reassessed by the Finance Ministry.
"Likewise, the proposed two per cent EPF contribution by companies employing foreign workers should also be reconsidered. This means BN's request has been taken into account by the Cabinet," he said.
He said this when met by reporters after the Barisan Nasional chairman's meet-and-greet programme with Iskandar Puteri voters last night.
On a related matter, Zahid said the Cabinet also discussed a proposal by MCA president Datuk Seri Dr Wee Ka Siong regarding the long-awaited implementation of a 10-year tax exemption for Tunku Abdul Rahman College, which he said had yet to be carried out.
He said the proposal received a very positive response from Prime Minister Datuk Seri Anwar Ibrahim before being approved by the Cabinet.
"Wee's proposal for the earlier decision to grant a 10-year tax exemption to TAR College was approved today.
"They only need to submit their audited annual accounts to the Finance Ministry every year.
"This is the Cabinet's final decision and it also received the support of ministers from various political parties," he said.
He added that the decision was the result of MCA's efforts as a component party of BN.
"This is a clear achievement by MCA and Wee. I would like to thank the government for listening to the proposal from the MCA president, as MCA is a component party of BN. This means BN's appeal has been approved," he said.