Malaysia
PwC Insights
Business in bite-sized chunks
Budget 2025 Special Issue (1 of 2)
Highlight
On Friday, the Prime Minister is set to present Budget 2025. Steve Chia, Tax Leader, comments on the considerations required for a future subsidy rationalisation of RON95 and calls for a clear roadmap for implementing a carbon tax. Read more
Overview
Taariq Murad, Tax Partner, delves into Budget 2025’s potential focus areas, including measures to ease the cost of living, improve healthcare access, and advance sustainability and digitalisation among other critical areas. Read more
Tax
Amid rising cost of living concerns, Tax Leader Steve Chia comments on the feasibility of a review of personal income tax bands for the middle-income group, and what considerations need to be in place for a re-introduction of a broad-based consumption tax in the long run. Read more
Tax
Ahead of Budget 2025, Tax Director Michelle Chuo reflects on critical measures such as rationalising personal tax reliefs and widening the tax band for M40 to ensure fair tax contributions while easing financial burdens on lower and middle-income households. Read more
Tax
With RM85.4 billion in foreign investments secured in the first half of 2024 alone, Keegan Ong, Tax Partner and Korean Desk Leader, offers his insights on the impact of incentives and free trade agreements, including the Global Minimum Tax, that are fostering a favourable business environment for investors. Listen here
Event
Our tax professionals, accompanied by guest speakers from the Ministry of Finance and the Inland Revenue Board of Malaysia, will guide you through key Budget proposals. Understand how these policies and proposals contribute to reshaping the Malaysian economic landscape.
Date: Tuesday, 5 November 2024
Time: 8:00am to 5:00pm
Data centre
The government’s Digital Ecosystem Acceleration scheme offers substantial tax incentives to attract high quality digital projects, but Lee Boon Siew, Tax Director, writes that clear and business-friendly guidelines are needed to ensure the success of these initiatives, balancing economic growth with sustainability goals. Read more
SMEs
Mid-tier companies are pivotal to the nation’s economic fabric. As the Budget announcement approaches, Tax Partner Fung Mei Lin hopes that the updated regional services tax incentive will remain investor-friendly to support mid-tier companies in scaling up their international operations. Read more
Workforce
Kartina Abdul Latif, Workforce Leader, and Marina Nizar Rushe, Workforce Management Senior Manager, explore how the upcoming Budget announcement can introduce targeted measures to incentivise employers to hire TVET graduates. They also discuss addressing sector-specific needs to harness TVET’s potential in Malaysia’s Special Economic Zones (SEZs). Read more
Budget 2025 on our social media
From personal tax to investments in AI talent development and public transport infrastructure, our people share their hopes and expectations for Budget 2025.
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