Malaysia’s record tax revenue of nearly RM204 billion in 2025, announced by Lembaga Hasil Dalam Negeri, reflects stronger economic performance, improved enforcement, and enhanced collection efficiency supported by initiatives such as e-invoicing.
Against this backdrop of strengthening fiscal position, Dr. Veerinderjeet Singh, Senior Advisor on Tax Policy at KPMG in Malaysia, noted that while the increase is positive for public finances, long-term stability will depend on balancing revenue growth with business competitiveness, improving compliance through technology, and simplifying the tax system. He also emphasized the importance of strengthening transparency and trust in tax administration to support sustainable fiscal outcomes.
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