Malaysia to widen tax net, raise minimum wages in 2025
Petrol subsidy cuts for top 15% of income earners, increased minimum wage as Malaysia unveils record US$97.8 billion Budget
According to the finance ministry’s outlook for next year, the Malaysian government revenue is projected to grow by 5.5 per cent to RM339.7 billion, spurred by higher direct and indirect tax collections.
Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record
Malaysia will introduce a slew of new taxes, cut subsidies for a widely used fuel, and raise the minimum wage from next year, Prime Minister Anwar Ibrahim said on Friday as he announced a record budget spending plan of 421 billion ringgit ($98 billion).
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit.
Budget 2025: Malaysia forecasts record budget spending for 2025, more subsidy reform
Malaysia on Friday unveiled a record budget spending for 2025, focusing on economic restructuring to improve its revenues through subsidy rationalisation and fiscal reforms.
Malaysia plans record budget spending in 2025 as reforms boost revenue
Malaysia announced on Friday record budget spending of 421 billion ringgit ($98 billion) for 2025, with the government boosting salaries and retirement funds for civil servants as it pursues further subsidy and tax reforms to bolster revenue.
Budget 2025: Malaysians, here’s all your incoming individual income tax reliefs; and if you are a worker, RM1,700 minimum wage is coming too
What will you get in tax income reliefs from Budget 2025? And what tax changes should you look out for? Here are all the major individual income tax reliefs and exemptions from Finance Minister Datuk Seri Anwar Ibrahim’s Budget 2025 speech today: There are also tax reliefs on individual income linked to the welfare of senior citizens: Tax relief for payments for parents’ medical check-up: Expanded to include vaccination costs.
Astro Awani56m
IMAN Research calls for strengthening human security in 2025 Budget
IMAN Research identifies key areas for enhancement within the Malaysian government's Third MADANI Budget 2025.
Malaysia’s budget surprise on house arrest fuels Najib Razak release speculation
Critics accuse Anwar Ibrahim’s government of slipping plans for a new law into Friday’s budget that could benefit jailed ...
Malaysia to widen tax net and cut subsidies in 2025 as budget spending hits record
Malaysia will widen the scope of its sales and services tax (SST) and reform the subsidy of a widely used fuel next year, ...
Astro Awani14m
Consider This: Budget 2025 (Part 2) — Balancing Progress & Prudence?
Budget 2025 was tabled in Dewan Rakyat today, and now the crucial evaluation begins. Does #Belanjawan2025 successfully balance progress and prudence? On this episode of #ConsiderThis Melisa Idris ...
Inside The Games19h
Malaysia boosts 2025 budget for national sports
The Olympic Council of Malaysia praised the Malaysia Madani Budget 2025 presented by Prime Minister Datuk Seri Anwar Ibrahim ...
Malaysia’s record 2025 budget to boost economy, welfare, as Anwar leverages political stability
The budget aims to grow Malaysia’s appeal as a destination for hi-tech investments while also uplifting the country’s most ...
Another record budget for Malaysia to sustain near-term growth with increased consumption
The RM421 billion (S$127.8 billion) budget includes RM12 billion to raise payouts to 2.5 million civil servants and ...
Malay Mail on MSN1d
Trade groups say Budget 2025 will set strong foundation for sustainable economic growth
Budget 2025 will help Malaysia achieve sustainable economic growth and address key challenges, National Chamber of Commerce ...