Govt hoping to reduce deficit in upcoming Budget 2014, gaming tax may increase

Aerial view of Genting Highlands Resort, winner of Malaysia Property Awards 2007 in the resorts category.

PETALING JAYA: A tax hike may be in the offing for the gaming sector in the upcoming Budget 2014, especially as the Government is hoping to reduce the country’s budget deficit, according to RHB Research.

“We believe there is a possibility of an upward revision in gaming taxes when Budget 2014 is unveiled on Oct 25 as the Government explores ways to beef up its coffers,” said RHB Research in a note.