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A leading economist supports a hybrid sales and service tax system incorporating input tax credits, arguing it could reduce price pressures across Malaysia's supply chain while generating adequate revenue.
Prime Minister Anwar Ibrahim has firmly closed the door on reintroducing GST as a broad-based consumption tax, but signalled openness to refining the current SST system to boost efficiency and revenue collection without burdening Malaysia's poorest citizens.
Malaysia's manufacturing sector is calling for GST-style input tax credits to be embedded in the existing SST framework, aiming to eliminate cascading taxes and ease cost pressures throughout supply chains.
Malaysia's government is studying a hybrid taxation model combining elements of GST and SST, with Finance Minister II tasked to produce a comprehensive report for Cabinet consideration without a fixed deadline.
The Chartered Tax Institute of Malaysia's president has called for wider exemptions under the sales and service tax to prevent cascading effects, supporting the government's plan to blend GST elements with SST.
The Inland Revenue Board of Malaysia has launched registration for its National Taxation Seminar 2026, scheduled for October. Two virtual sessions will explore Budget 2027 proposals and key tax policy updates relevant to practitioners and employers.
Victims of AI-powered investment scams face a compounding crisis: after losing retirement savings to sophisticated fraud, the US tax system treats fraudulent withdrawals as taxable income, leaving them owing taxes on stolen money.
Malaysia's Economy Minister has rejected calls to widen the tax base immediately, arguing the country must first tackle structural wage problems affecting most workers who earn too little to pay income tax.
Philippine President Ferdinand Marcos has announced comprehensive tax relief measures targeting workers and small businesses during his 2026 State of the Nation Address, citing persistent economic headwinds from Middle East instability.
The Langkawi Development Authority is partnering with the Finance Ministry to address double taxation affecting local SMEs, aiming to help entrepreneurs compete in national and international markets beyond the island's tourism sector.