Feb 14, 2014 (Fri): MY E.G. SERVICES BERHAD, a Malaysia’s Electronic Government (E-Government) service provider has made an announcement to Bursa Malaysia that the company has been awarded by the Royal Malaysian Customs Department (“Customs”) to undertake the Customs Online Tax Reporting (Electronic Monitoring System – EMS) project. The tenure of the RM180 million worth project is six years from April 1, 2014.
This Project will entail linking up point-of-sales terminals and cash registers of businesses that are subject to Customs’ tax collection. This will enable the Customs to effectively monitor tax collection revenue for the Government.