HARTALEGA TO SEEK SST EXEMPTIONS
Glovemaker talking to Customs to ensure it is ready for new tax
HARTALEGA Holdings Bhd will apply to Customs Department to exempt raw materials from the impending Sales and Services Tax (SST).
“We are talking to the Customs and other relevant authorities to make sure that by next week, we are ready (for the successful implementation of SST 2.0),” said group managing director Kuan Mun Leong after its shareholders meeting, here, yesterday.
“We are an export-oriented company. We will apply for SST exemptions, just like we did prior to the implementation of the Goods and Services Tax,” said executive director Kuan Mun Keng.
Also present were executive chairman Kuan Kam Hon and executive director Dr Danaraj Nadarajah.
On outlook for Hartalega, Mun Leong said its new anti-microbial gloves were due to be shipped to Germany next month.
“We are also close to securing orders from South Korea.
“We will submit our applications to the Food and Drug Administration next week for an approval to distribute the new gloves in the United States by the first half of next year,” he added.
Currently, Hartalega is able to produce 30 billion pieces of gloves per annum.
Mun Leong expects Hartalega to produce 44 billion pieces of gloves per annum by 2021 as new production lines are being added.
On the possible rise in minimum wage, Mun Leong said Hartalega would have to pass on the higher cost to customers.
Currently, the minimum wage is RM1,000 in Peninsular Malaysia and RM920 in Sabah and Sarawak.