- The OECD Economic Survey of Malaysia highlighted the need for the country to reform its tax system, including potentially increasing the value-added tax (VAT) or introducing a goods and services tax (GST). The report emphasized the importance of broadening the tax base and reducing reliance on income taxes. It also recommended improving tax compliance and administration to enhance revenue collection.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Malaysia"
- Malaysia Clarifies “Used” for Sales Tax Drawback Claims
- Malaysia e-Invoice Regime: Scope, Timelines, Formats, and Key Rules from LHDNM FAQs (2026)
- Malaysia Grants Interim Relaxation for e-Invoice Implementation and Compliance Across Taxpayer Groups
- Malaysia e‑Invoicing: LHDNM General FAQs (Updated 5 May 2026)
- Malaysia Issues New Rules on Exchange Rates for Sales and Service Tax Compliance
