Budget 2025: Experts want growth, fiscal balance

Soh Lian Seng, Head of Tax at KPMG in Malaysia, shared his views on tax incentives for the upcoming 2025 Budget, noting that while lower personal tax rates can boost economic growth, the benefits may not reach all income groups evenly. Soh emphasized that increasing R&D tax incentives would motivate start-ups to invest in innovative activities, and drive growth in sectors that are crucial for Malaysia's future.

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