THE introduction of the Medium-Term Revenue Strategy (MTRS) is timely to address current issues relating to federal government revenue, mainly a narrow tax base, ineffective tax incentives, tax avoidance and tax evasion and untapped informal sectors.
Total revenue as a percentage to gross domestic product (GDP) has declined from 21.4% in 2012 to 15.9% in 2020, which is relatively low compared with rating peer countries.
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