Malaysia’s evolving tax landscape reflects progress in digitalization and enforcement, alongside mounting pressures from compliance demands and rising global uncertainty driven by geopolitical tensions.
Amid escalating cost pressures, Soh Lian Seng, Head of Tax at KPMG in Malaysia, provided his perspectives that businesses are facing squeezed margins and cash flow strain, prompting calls for targeted tax relief such as expanded sales tax exemptions and greater flexibility for MSMEs.
Overall, a calibrated and adaptive tax policy, balancing immediate relief with longer-term reforms, will be critical to sustaining business resilience while maintaining fiscal discipline.
Read the full story via the attachments below, and online:
- Nanyang Siang Pau: KPMG: Adjust tax policies to ease business costs
