KUALA LUMPUR: The World Bank believes the Malaysian government can do more to raise its revenue, forecasted to be at 15.2% of GDP in 2020, without affecting low-income households.
The key areas include making personal income taxes more progressive and broadening consumption taxes, it said in its 21st edition of the World Bank’s Malaysia Economic Monitor, launched here on Monday.
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!