KPMG: One-off tax on super profits shouldn't be a concern

KUALA LUMPUR: One-off tax on super profits for the Year of Assessment 2022 should not result in a significant change in mood for investors and businesses alike, Head of Tax at KPMG in Malaysia, Tai Lai Kok said today regarding the "Cukai Makmur” announced in Budget 2022.

"That said, it is absolutely critical that the government keeps to its word that it is really a "one-off tax” during this time of need,” he said.