Malaysian households may end up paying more tax over the medium term if a consumption tax as mulled by the government is implemented, said Fitch Solutions. In the Fitch Solutions Country Risk and Industry Research outlook for Malaysia released yesterday, the firm cited that in March 2021, it was reported that the Ministry of Finance (MoF) was studying the possibility of a consumption tax to be introduced once the economy has recovered as a way to widen the revenue base.
Malaysian households may end up paying more if consumption tax implemented, says Fitch Solutions
2021-04-30T05:03:27-04:00April 30th, 2021|
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