With a focus on promoting equitable economic growth and social welfare, this year's Budget aims to build upon the tax measures outlined in the 2024 Budget, while exploring new ways to expand Malaysia’s tax revenue base and strengthen fiscal sustainability. To help you stay updated, our tax experts have shared their insights on the latest tax developments and key considerations in the 2025 Budget.
See what our tax leaders have to say on:
- Bernama: New carbon tax tackles environmental concerns, but needs clarity on implementation - Tax consultants
- The Edge: Big Four, tax experts say Budget 2025 measures fit into fiscal consolidation goal
- Business Today: More clarity on taxes needed
- Business Today: Sugar tax increment: Forward measure by govt to curb rising NCDs among Malaysians
- Malay Mail: Expert: Malaysia’s new dividend tax aimed at T20 could touch some M40, but minimal impact at 2pc rate
- Business Today: Mixed reactions towards 2% dividend tax
- Business Today: Post-Budget 2025: Strengthening Malaysia’s global competitiveness
- BFM 89.9: Malaysia's 2% dividend tax: A major setback for business?
Key highlights can also be found in the attachments below:
KPMG commends tax reform efforts, highlights dividend tax proposal
Nanyang Siang Pau, 20 October 2024
Possibility of special dividend payouts ahead of new 2% tax, say market experts
The Edge, 28 October 2024
