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.
Astro Awani5h
Consider This: Budget 2025 (Part 2) — The Right Dose for Healthcare?
The Health Ministry has been allocated RM45.3 billion in Budget 2025, which is the second highest after the education ...
VietnamPlus12h
Malaysia announces record budget plan for 2025
Malaysian Prime Minister Anwar Ibrahim has submitted to the parliament a budget spending plan for 2025 worth 421 billion MYR ...
Inside The Games10h
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 ...
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, ...
Malaysia’s record 2025 budget to boost economy, welfare, as Anwar leverages political stability
The budget aims to grow Malaysia’s appeal as a destination for hi-tech investments while also uplifting the country’s most ...
malaymail9h
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 ...
Yahoo Malaysia15h
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, ...
Malaysia eyes more subsidy cuts, new taxes in 2025 budget to boost finances
Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and ...
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 ...
bernama19h
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 ...