MPHB : MoF ups pool betting duty on Magnum Corp

MULTI-PURPOSE HOLDINGS BHD [] says the Ministry of Finance has raised the pool betting duty imposed on its subsidiary Magnum Corporation Sdn Bhd.

MPHB said on Thursday, July 1 that Magnum had received a letter dated June 29 from the MoF that the pool betting duty imposed on on Magnum has been increased to 8% from 6% previously. The higher duty takes effect from June.


Written by Joseph Chin  
The Edge Malaysia