With new taxes come shared responsibilities

This year is set to be a year when Malaysia fortifies its fiscal foundations to ensure the people’s wellbeing, as evidenced by the government taking serious steps to diversify its tax base to ensure stable and sustainable revenue streams.

Whether or not you’re supportive of the new taxes and policies that will be enforced in the coming months, this shift has become a strategic imperative as the country gradually steers away from a reliance on petroleum exports susceptible to global commodity-price fluctuations.