Corporate tax can be reduced if GST revived, says Dr Wee

KUALA LUMPUR: Corporate tax in Malaysia can be reduced if the Goods and Services Tax (GST) is revived, says Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).

According to Dr Wee, Malaysia has one of the highest corporate taxes in the region at 24%, compared to Singapore (17%), Brunei (18.5%), Cambodia (20%), Vietnam (20%), Thailand (20%), and Indonesia (21%).