A blueprint for tax sustainability

Dr Veerinderjeet Singh is Senior Adviser on Tax Policy at KPMG in Malaysia, a Past President of CTIM, MIA and MICPA.

THE tax revenue base of Malaysia is extremely narrow with around 15% of the workforce being subject to income tax and around 20% of registered companies paying income taxes.

This puts into focus the extremely narrow base from which the government tries to extract its tax revenue. In addition, oil-related revenues still generate around 25% of the total revenue of the government.