Tag: tax reform

Centre proposes reforms in Malaysia’s tax framework

KUALA LUMPUR: There is a need to reform or modernise Malaysia’s tax framework to fit the nation’s requirements, according to a prominent tax advocate Dr Veerinderjeet Singh. He said the increasingly complex business transactions, rising cross-border transactions, new ways of doing business, current speed of change and technological developments are factors that contribute to the […]

MOF undertaking study to widen revenue base including reinstating GST

KUALA LUMPUR: The Ministry of Finance (MOF) is currently undertaking a study on how to widen Malaysia’s revenue base which include reinstating goods and services tax as well as reviewing the tax incentive packages to further consolidate them and make it more targeted and strategic. Deputy secretary-general Zakiah Jaafar said the ministry was about to […]