taxation

Belanjawan 2025 is expected to introduce a multi-year tax framework and new fiscal measures to achieve a 3% deficit target. This interview explores key topics including the high-value goods tax, sugar-sweetened beverage tax, potential new taxes like carbon pricing, and adjustments to personal and corporate income taxes.

The agreement, similar to a treaty, would facilitate investment, protect against tax evasion and allow businesses in both the United States and Taiwan to avoid double taxation.

The issue of governance is crucial to ensure that there are no unnecessary leakages, absconding of public wealth and corruption.

Aurobindo Ponniah, Director at PwC Taxation Services, offers insights on tax reforms and fiscal strategies. Stay tuned for his expectations on Budget 2024 and potential tax implications. #NotepadWithIbrahimSani

Datuk Seri Anwar Ibrahim said the government should also make sure that taxes collected are spent wisely without leakages.

Malaysia needs to relook at its existing taxation system in order to have a more comprehensive and equitable system, said former Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim.

The role and function of indirect taxation needs to be nuanced for the sake of public policy.

Ideally taxes shouldnt be meant to help the government balance the books.

The Dewan Rakyat today approved four motions tabled by the Finance Ministry on government funding and taxation.

Small things matter, says economist Jomo Kwame Sundaram, and through small beginnings, the big changes will happen. Zakiah Koya takes a listen.

Deloitte Malaysia held its annual TaxMax Conference today at One World Hotel, Petaling Jaya. The highlight of the conference explored the overriding goals of Transformasi Nasional 2050 (TN50)

Proceeds from government taxation such as corporate tax, income tax and goods and services tax were reallocated to those eligible through various methods.

Part-time Uber and GrabCar drivers are subjected to taxation if their income exceeded the minimum threshold of RM30,000 a year.

The Malaysian Anti-Corruption Commission (MACC) will enlist the provisions in the Income Tax Act to strengthen efforts in combating corruption, said its Chief Commissioner, Datuk Dzulkifli Ahmad.

He said JKDM would focus on the issue of GST delivery statement compliance as one of the measures to improve the taxation system next year and ensure the GST collection target was met.