Malaysia’s 2023 Budget, which was re-tabled on 24 February under the new Unity Government, totaled RM388 billion. Almost 75% of its budget has been allocated to Operating Expenditure, signaling the Government’s commitment to drive its reform agenda and revitalise Malaysia’s economy.
Several tax incentives were announced as part of the Government’s strategy to drive an inclusive and sustainable economy. To find out how the tax measures announced will implicate your tax planning, download our Malaysia 2023 Budget Report today.
Should you have any questions regarding the information provided in the report, please do not hesitate to reach out to your respective BoardRoom client managers or email us at [email protected].
Related Business Insights
22 Sep 2023
Learn how to achieve a balance between limited physical attendance and remote participation, an maximize your cost …READ MORE
15 Aug 2023
Expanding into a new market can be equally exciting and nerve-wracking. Learn how to ensure smooth and successful b …READ MORE
04 Aug 2023
Gain insights into Malaysia AGM meeting trends, find out if a physical or virtual format works best for you, and le …READ MORE