Our vision for a business-friendly budget

Budgett 2020 11

MALAYSIAN businesses and investors are highly adaptable. Over the past year, businesses and investors have had to deal with the newly introduced sales and service tax, digital service tax, sugar tax, changes to the Labuan tax regime and the earning stripping rules.

The government’s promise of no new taxes in the upcoming Budget 2020, which is scheduled to be tabled on Friday, will provide businesses with the much needed certainty that there will be no more “new surprises” at least in the coming year and alleviate concerns over rising cost of doing business.