PETALING JAYA: New revenue sources in Budget 2024 such as the Capital Gains Tax, Luxury Goods Tax and the 2% increase in the Service Tax are encouraging but efforts to generate more revenue must continue, says the Institute for Democracy and Economic Affairs (Ideas).
KUALA LUMPUR, Oct 13 It is no secret that there is a need for Malaysia to broaden its revenue base in lieu of a value-added tax (VAT) or the goods and services tax (GST), with.
KUALA LUMPUR (Oct 13): Putrajaya is increasing the Sales and Services Tax from 6 per cent to 8 per cent.
Prime Minister Datuk Seri Anwar Ibrahim said this increase will not include food and beverages or any telecommunications.
“We have also expanded the scope of the taxes to include logistics,
KUALA LUMPUR, Oct 8 The Chartered Tax Institute of Malaysia (CTIM) does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax (LGT) and.