#Flash* MoF ups pool betting duty on Magnum Corp

-A +A

KUALA LUMPUR: 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.