How indirect tax reform aids economic recovery

The government, via the Royal Malaysian Customs Department, could consider launching an extended VA Programme or, better yet, embed a voluntary disclosure mechanism into the relevant indirect tax legislations.

PRIME Minister Datuk Seri Anwar Ibrahim, who is also the Finance Minister, will present a revised Budget 2023 in Parliament on Feb 24, 2023.

It has been widely reported that the government will seek to address the country’s rising sovereign debt levels and high living costs in the budget.