Petrol subsidy cuts, new taxes and wage increases to be focus of Malaysia’s 2025 Budget: Analysts

Soh Lian Seng, Head of Tax at KPMG in Malaysia, gave his perspective on potential new taxes to be introduced in Budget 2025. He suggested that while the comeback of the goods and services tax (GST) is unlikely, incorporating some of its features into the Sales and Service Tax (SST) framework could create a fairer tax system. He also noted that this approach could enhance compliance and expand the tax base.

Read the full story here.

For media-related queries, please email marcom@kpmg.com.my