The revamping of the tax incentives framework is timely. Notwithstanding this, the Government did take note of the low tax revenue to GDP ratio which needs to be improved in the years to come.
THE Malaysian Finance Minister delivered the 2020 budget proposals on Oct 11,2019 following extensive consultations with a total of 12 Focus Groups, involving over 2,500 people representing over 1,200 organisations.
The Budget 2020 is seen as the first step towards realising the objectives of the Shared Prosperity Vision 2030 which aspires to achieve development for all Malaysians, address wealth and income disparities as well as build a united, prosperous and dignified nation.
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