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.
Malaysia’s budget surprise on house arrest fuels Najib Razak release speculation
Critics accuse Anwar Ibrahim’s government of slipping plans for a new law into Friday’s budget that could benefit jailed ...
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Trade groups say Budget 2025 will set strong foundation for sustainable economic growth
Budget 2025 will help Malaysia achieve sustainable economic growth and address key challenges, National Chamber of Commerce ...
Malaysia’s 2025 Spending Plan Poised to Draw Foreign Interest
Malaysia’s record spending plan is set to drive further foreign interest in its assets as the government continues to build ...
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 ...
Another record budget for Malaysia to sustain near-term growth with increased consumption
The RM421 billion (S$127.8 billion) budget includes RM12 billion to raise payouts to 2.5 million civil servants and ...
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 ...
Malaysia’s Budget Eyed for Catalysts to Spur Rebound in Bonds
Malaysia’s sovereign bonds and currency are poised to rebound on robust economic indicators and expectations for fiscal ...
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Budget 2025: Winners and losers of Putrajaya’s largest federal spending to date
Prime Minister Datuk Seri Anwar Ibrahim tabled the country’s biggest ever federal spending plan in Budget 2025 yesterday, ...