Malaysia to widen tax net, raise minimum wages in 2025
Petrol subsidy cuts for top 15% of income earners, increased minimum wage as Malaysia unveils record US$97.8 billion Budget
According to the finance ministry’s outlook for next year, the Malaysian government revenue is projected to grow by 5.5 per cent to RM339.7 billion, spurred by higher direct and indirect tax collections.
Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record
Malaysia will introduce a slew of new taxes, cut subsidies for a widely used fuel, and raise the minimum wage from next year, Prime Minister Anwar Ibrahim said on Friday as he announced a record budget spending plan of 421 billion ringgit ($98 billion).
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit
Budget 2025: Malaysians, here’s all your incoming individual income tax reliefs; and if you are a worker, RM1,700 minimum wage is coming too
What will you get in tax income reliefs from Budget 2025? And what tax changes should you look out for? Here are all the major individual income tax reliefs and exemptions from Finance Minister Datuk Seri Anwar Ibrahim’s Budget 2025 speech today: There are also tax reliefs on individual income linked to the welfare of senior citizens: Tax relief for payments for parents’ medical check-up: Expanded to include vaccination costs.
Malaysia plans record budget spending in 2025 as reforms boost revenue
Malaysia announced on Friday record budget spending of 421 billion ringgit ($98 billion) for 2025, with the government boosting salaries and retirement funds for civil servants as it pursues further subsidy and tax reforms to bolster revenue.
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Hoteliers says Budget 2025 funds for industry welcome, but many ‘missed opportunities’ at the same time
The Malaysian Association of Hotels (MAH) today welcomed the RM550 million government for the Asean Tourism Forum 2025 and ...
Bursa Malaysia ends easier on weak buying interest
Bursa Malaysia moved in a tight range amid muted trading to close easier today, reflecting weak buying interest as investors ...
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Malaysia boosts 2025 budget for national sports
The Olympic Council of Malaysia praised the Malaysia Madani Budget 2025 presented by Prime Minister Datuk Seri Anwar Ibrahim ...
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Malaysia Budget 2025 Allocates RM2.55B for Telecom, Creative
Malaysia Budget 2025 allocates RM2.55 billion to boost telecom infrastructure, enhance creative industries, and support ...
Budget 2025 sets solid foundation for 13MP - MARC
Budget 2025 sets a solid foundation to achieve growth of between 4.5 per cent and 5.5 per cent, providing a strong framework ...
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Trade groups say Budget 2025 will set strong foundation for sustainable economic growth
KUALA LUMPUR, Oct 21 — Budget 2025 will help Malaysia achieve sustainable economic growth and address key challenges, ...
The Winners and Losers From Malaysia’s 2025 Spending Plan
Malaysia’s retailers and tourism-related firms are poised to benefit from the national spending plan for next year as the ...
Malaysia to widen tax net and cut subsidies in 2025 as budget spending hits record
Malaysia will widen the scope of its sales and services tax (SST) and reform the subsidy of a widely used fuel next year, ...
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Budget 2025 Adjustments In Export Tax Seen Helping Palm Oil Refining Industry Be More Competitive
The adjustments in export tax under Budget 2025 will help the palm oil refining industry be more competitive, compared with ...