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Unchanged 6pc service tax on logistics will alleviate cost impact on businesses, consumers, says EY

Deloitte, Ernst & Young: With Malaysia's new capital gains tax, real property gains tax needs amendment to avoid double taxation

KUALA LUMPUR, Oct 14 The Malaysian government will need to make changes to avoid collecting taxes twice after it introduces Capital Gains Tax (CGT) in March next year, tax.

'Malaysia's new 8pc service tax rate increases govt coffers without GST comeback, but may up consumers' costs' | Daily Express Malaysia

Kuala Lumpur: The Malaysian government will be able to increase its revenue for the country’s spending without bringing back the Goods and Services Tax (GST), by opting to instead hike the service tax to 8 per cent under Budget 2024, tax advisory firms have said.

SMEs should develop resilience to navigate uncertain future

THE International Monetary Fund says that the global economy is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than it has been in several decades.

Savvy tax moves

KUALA LUMPUR: Several planned tax moves announced in Budget 2023 appear to be aimed at reducing tax evasion and bolstering the government’s revenue position as much as possible amid income tax cuts and an increase in tax reliefs for some.