‘The shadow economy is shrinking due to TIN and e-invoice’


KUALA LUMPUR: Malaysia’s shadow economy currently accounts for 21% of the gross domestic product (GDP) or an estimated RM330bil, says Datuk Seri Ahmad Maslan.

The Deputy Finance Minister I said the current rate was lower than it was from 2000 to 2009 when it accounted for 30.2% of the country’s GDP.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

MACC chief: Target each state’s unique corruption risks
Ministry to recruit 20,000 teachers
EPF for medical coverage a relief
Don’t wait for MHIT to get basic insurance, M’sians urged
GLICs translate Madani values into action
Enforcement at all levels the only way ‘country can be fixed’, says Anwar
1,399 housing projects revived under task force
Penang safeguards its best food
No tolerance for corruption in civil service, warns Chief Secretary
PM visits Batu Caves ahead of Thaipusam

Others Also Read