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By Niam Seet Wei
KUALA LUMPUR, Oct 10 (Bernama) -- The increase in individual tax relief, coupled with the one-percentage-point reduction in income tax rates for the middle-income group (M40) proposed in Budget 2027, could provide additional disposable income of up to RM1,600 for roughly five million taxpayers, says KPMG Malaysia.
KUALA LUMPUR, Oct 10 (Bernama) -- Budget 2027’s targeted tax measures are expected to support business competitiveness, encourage domestic investment and strengthen Malaysia’s economic resilience amid rising operating costs and global uncertainties, said tax experts.
By Nor Baizura Basri
KUALA LUMPUR, Oct 9 (Bernama) -- The 2027 Budget provides a fair and equitable share for citizens from all strata of life, despite the government navigating a tough global landscape, as it is fully cognizant of the challenges ordinary people face in their everyday lives.
KUALA LUMPUR, Oct 9 (Bernama) -- The Small and Medium Enterprises Association of Malaysia (SAMENTA) welcomes the one per cent corporate income tax reduction for micro, small and medium enterprises (MSMEs) under Budget 2027, which is expected to provide up to RM6,000 in tax savings to over 300,000 SMEs.
By Sharifah Hunaini Syed Ismail, Niam Seet Wei and Kisho Kumari Sucedaram
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia’s Budget 2027 totalling RM459.8 billion is aimed at translating resilient economic growth into tangible benefits for the people through better wages, more efficient targeted assistance, stronger fiscal discipline, and aggressive shift towards higher-value industries.
KUALA LUMPUR, Oct 9 (Bernama) -- The government plans to improve the Global Services Hub (GSH) tax incentive by implementing a preferential tax rate of five per cent on income generated from GSH activities for new companies, starting Jan 1, 2027, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, Oct 9 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim announced that tax incentives will be enhanced and extended until Dec 31, 2030, to encourage more companies to adopt green and sustainable technologies.
By Sharifah Hunaini Syed Ismail, Niam Seet Wei and S.Kisho Kumari
KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia’s Budget 2027, totalling RM459.8 billion, aims to turn resilient economic growth into real gains for the people with better wages, smarter targeted support, stronger fiscal discipline and a bold push towards higher-value industries.
KUALA LUMPUR, Oct 5 (Bernama) -- Budget 2027 is expected to continue targeted measures covering funding, incentives, ecosystem development and talent to support the technology sector, said Apex Securities Bhd.
By Danni Haizal Danial Donald
KUALA LUMPUR, Oct 5 (Bernama) -- The Malaysian Rubber Glove Manufacturers Association (MARGMA) has called on the government to remove or reduce the export cess, introduce stronger investment incentives, and enhance tax and labour policies under Budget 2027.
By Siti Noor Afera Abu
KUALA LUMPUR, Oct 4 (Bernama) -- A refined sales and services tax (SST) system incorporating measures to minimise tax cascading, broaden the tax base and strengthen compliance could help create a more neutral and efficient tax environment for businesses, according to EY Malaysia’s Tax Managing Partner Farah Rosley.
By K. Naveen Prabu
KUALA LUMPUR, Oct 2 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has called on the government to provide tax relief for critical coverage such as business interruption insurance to improve the affordability and accessibility of insurance protection.
