A not-so-sweet deal for taxpayers
Yeoh Guan Jin | 25 Jan 2019 00:30
 Your sweet drink is going to cost more come April 1, and that’s no April Fools’ joke. If you have a sweet tooth, be prepared to shell out more for your carbonated drinks or flavoured beverages.

But for once, drinkers will be spared. You can continue to enjoy your mug of beer at Happy Hour prices … figuratively speaking.

When Finance Minister Lim Guan Eng tabled Budget 2019 in November last year, he cited the need to reduce sugar intake by the average Malaysian for the proposal to impose the soda tax.

There will now be a 40-sen tax for every litre of soft drinks that contain more than 5gm of sugar or sugar-based sweetener per 100ml. The new tax will be imposed on all carbonated drinks as well as flavoured and other non-alcoholic beverages.

That’s not all. If you’re hooked on fruit juices or drinks concocted out of blended vegetables based on the assumption that these are good for your health, think again. A similar 40-sen per litre tax will be imposed on these drinks if they contain more than 12gm of sugar for every 100ml.

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Allianz announces financial results for Q1 2019

with a total RM1.21 billion recorded in the Group’s Gross Written Premiums (GWP) from January to March this year.