Survey: ACCA members want increase in 'sin' and luxury goods tax

KUALA LUMPUR: A survey among members of the Association of Chartered Certified Accountants (ACCA) indicated they want the government to increase the "sin" and luxury goods tax, while strengthening the collection of the sales and services tax, as a way to enhance revenue.

The survey, which drew a response from 417 ACCA members in September, also found that 91 per cent of respondents agreed that personal tax should be further reduced to boost confidence and encourage spending, which is critical to the retail sector as well as overall economic growth.