Malaysia
PwC Insights
Business in bite-sized chunks
Budget 2023 Special Issue (1 of 2)
Highlight
What to expect from a fine-tuned Budget 2023
The size of the federal budget is not expected to change significantly, but there is much interest in the government’s plans to address the nation’s subsidy bill while ensuring the rakyat’s wellbeing. Jagdev Singh, Tax Leader, discusses how a targeted subsidy framework may work to ensure aid reaches those who need it. Read more
ESG
Tackling pay equity for Malaysia Madani
Pay equity is an ESG issue. How well we tackle pay discrimination has implications for Malaysia’s economic growth and sustainability commitments. Kartina Abdul Latif, People and Organisation and Social Impact Leader, shares her views on what can be done to achieve pay equity. Read more
Tax
Low value goods tax
The sales tax on online purchases on low-value goods (LVG) is expected to come into effect from 1 April 2023. Annie Thomas, Tax Director, answers frequently asked questions around how the tax will impact consumers while Geeta Balakrisnan, Tax Director, shares 3 key considerations for smooth and effective implementation in this LinkedIn post.
Reform
Notepad with Ibrahim Sani: Budget 2023 Focus: Tax Plan
Aurobindo Ponniah, Tax Director, talks about ways to improve Malaysia’s tax to GDP ratio, the implications of Global Minimum Tax on foreign direct investment and what tax reforms can do to tackle the social issues of income inequality and an ageing population. Watch here
Event
Register for PwC Malaysia’s Budget 2023 Seminar
Our tax experts and guest speaker from the Ministry of Finance will walk you through the Budget proposals, providing you with insights on how the measures will support reform and boost recovery.
Date: Thursday, 9 March 2023
Time: 8:30am to 5:00pm
Budget 2023 on our social media
Expectations are mounting for the big announcement on 24 February. This Friday, Lim Phaik Hoon, Tax Partner, and Yong Siew Chuen, Tax Senior Manager, will share their first impressions of the retabled Budget as it’s being announced live, on PwC Malaysia’s Twitter page. Follow us and #MYPwCBudget on Twitter so you won’t miss out.
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