Malaysia to generate at least RM8.5bil additional revenue via Cukai Makmur

KUALA LUMPUR: Malaysia can recoup at least RM8.5 billion in additional revenue through the Cukai Makmur corporate tax measures, said Rakuten Trade Sdn Bhd.

Head of research Kenny Yee said that from Rakuten's calculation, at least 120 companies would be taxable under Cukai Makmur, which has been announced by the government in Budget 2022 on Friday.