Post-Budget 2026
Tabled on 10 October 2025, Budget 2026 marks the first under the 13th Malaysia Plan and continues the government’s MADANI vision of placing the rakyat at the heart of national priorities. Focused on fiscal resilience and inclusive growth, this year’s Budget reinforces a people-centric approach to nation-building that balances economic progress with social wellbeing.
Anchored by the Ekonomi MADANI framework, Budget 2026 introduces targeted tax reforms, enhanced compliance measures, and incentives that drive Malaysia’s green and digital economy. These initiatives aim to broaden the nation’s revenue base, future-proof businesses, and empower Malaysians to thrive in an evolving economic landscape — ensuring prosperity is shared more equitably across society.
To help you stay informed, our tax experts have shared their insights on the latest tax developments and key considerations in Budget 2026. Discover what they have to say on:
- Bernama: Budget 2026: Reformist blueprint for inclusive growth and resilience
- The Edge: Tax experts' immediate reaction to Budget 2026
- Business Today: A strategic blueprint for long-term inclusive growth
- Kwong Wah Yit Poh: Soh Lian Seng: Driving economic resilience through reforms
- Oriental Daily News: Budget 2026 reflections: Government upholds a “people-centric” spirit; tax policies remain moderate
- Nanyang Siang Pau: Steel and energy sectors to take the lead, though policy details are still unclear — carbon tax costs could be passed on to consumers
- Business Today: Budget 2026: Building fiscal resilience, enabling growth
- Nanyang Siang Pau: Limited liability partnerships will be subject to a 2% dividend tax starting next year, potentially leading to double taxation
Key highlights can also be found in the attachments below:
Media queries?
For media-related queries, please email marcom@kpmg.com.my
