BFM89.9, 11 November 2024
Dr. Veerinderjeet Singh, Senior Advisor on Tax Policy at KPMG in Malaysia, shared his insights on the dividend tax and its implications for businesses and the economy. He opined that the dividend tax is a symbolic move intended to make Malaysia's income tax system more progressive and suggested that a withholding tax might be a more effective approach to collecting revenue. Given the 2% tax rate, Dr. Veerinderjeet also noted that it is unlikely to significantly affect investor behavior or corporate dividend strategies.
Listen to the full coverage on BFM89.9: Malaysia's 2% dividend tax: A major setback for business?
