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Budget 2022 expects an increase in tax collection, with corporate tax collection anticipated to rise to above 2019's pre-pandemic numbers, which is optimistic but challenging if businesses are still trying to bounce back from Covid-19, said Deloitte Malaysia tax leader Sim Kwang Gek.
KUALA LUMPUR, Oct 30 — The proposed one-off “Cukai Makmur” (Prosperity tax) announced in Budget 2022 yesterday, instead of a windfall tax, supports the government’s initiative, as those enjoying extraordinary profits from the Covid-19 pandemic could assist those adversely affected in the...
THE re-opening of most, if not all, economic sectors since the re-implementation of Covid-19 lockdown measures means that the upcoming Budget 2022 proposals would be a vital catalyst enabling our country to fulfill its international commitments as well as improve tax collection and raise tax revenue.
The government may consider extending the Home Ownership Campaign (HOC) campaign to the secondary markets, thereby providing a wider range of properties for homebuyers to choose from, according to Deloitte Malaysia