JOHOR BARU: The Government will be taking various measures to reduce the country’s uncollected taxes known as the “black economy” from the current 30% to 15% by 2020.
Deputy Finance Minister Datuk Ahmad Maslan said the black economy was essentially the portion of a nation’s taxes that remained undeclared due to illegal activities or tax avoidance.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!