Tax for online businesses in Malaysia soon

Irwan: ‘We need to be vigilant and go into new areas as the economy transforms.’

KUALA LUMPUR: The Government will be looking at ways to tax individuals engaged in digital or online businesses, such as Uber or GrabCar, to address its lost opportunity for revenue from a fast-growing segment of the economy.

“The Inland Revenue Board (IRB) is doing a thorough evaluation and study to go into taxing individuals engaged in digital or online businesses as the income they earn is taxable,” Tan Sri Mohd Irwan Serigar Abdullah, secretary-general of the Treasury, said.