PETALING JAYA: New revenue sources in Budget 2024 such as the Capital Gains Tax, Luxury Goods Tax and the 2% increase in the Service Tax are encouraging but efforts to generate more revenue must continue, says the Institute for Democracy and Economic Affairs (Ideas).
The think tank also said the Budget provides ample support for micro, small and medium enterprises (MSMEs), to grow local talent, access adequate financing and increase their competitiveness.
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