Budget expectations for a new Malaysia

BUDGET 2019 is expected to be a tough one –with potential new taxes, existing tax hikes and prudent spending given the government’s commitment to tackle the nation’s debt situation.

It is also the perfect time for the new government to launch reforms that are effective to future proof Malaysia and I am glad that a tax reform committee has been set up to review our current tax regime. With global economic uncertainties, Budget 2019 needs to be well crafted to meet its objectives of reducing the nation’s debt while ensuring that the country remain resilient and competitive.