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Create more revenue sources, Ideas urges govt

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). ....

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Will we see launch of capital gains tax in Budget 2024, and what happened to luxury goods and online sales taxes?

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. ....

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Budget 2024: Putrajaya to increase Sales and Service Tax to 8 pct

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, ....

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Budget 2024: Reactions from the banking sector

Excerpts of reactions from leaders of the banking industry ....

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Budget 2024: Tax institute sees no tax cuts for individuals, corporates

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. ....

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