A look at Budget 2024 and challenges ahead

The Malaysian Reserve, 27 November

Kevin Foo, Head of Financial Services, and Elliot Chaw, Associate Director of Corporate Tax Advisory at KPMG in Malaysia, were featured in this article on the proposed tax incentives in Budget 2024 to attract foreign direct investments (FDIs).

Kevin highlighted that aside from tax incentives, other factors such as policy consistency, ease of doing business and collaboration across government agencies should be taken into consideration. As for Elliott, he added that a clear mechanism for capital gains tax and digital tools to streamline government processes could encourage more FDIs in Malaysia.

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