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, Prime Minister Anwar Ibrahim said on Friday as he announced record budget spending of 421 billion ringgit ($98 billion).
Budget 2025: What M’sians need to know about tax redemptions, subsidies & more
Prime Minister Datuk Seri Anwar Ibrahim, who is also Malaysia’s Finance Minister, has tabled the 2025 Budget in parliament today (October 18, 2024). Here’s a breakdown of what you need to know, from tax changes and subsidy adjustments to incentives.
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.
Petrol subsidy cuts, new taxes and wage increases to be focus of Malaysia’s 2025 Budget: Analysts
Prime Minister Anwar Ibrahim will be unveiling his third budget at a time of a resurgent economy and a strong ringgit.
Malaysia Eyes More Subsidy Cuts, New Taxes in 2025 Budget to Boost Finances
KUALA LUMPUR - Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and economists said, as it looks to strengthen its fiscal position amid expectations of falling government revenue.
Malaysia's Upcoming Budget: Anticipated Subsidy Cuts and New Taxes
As Malaysia prepares to unveil its 2025 budget, analysts predict significant subsidy cuts and the introduction of new taxes to bolster its fiscal position amid expected declines in government revenue.
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 ...
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 ...
Vulcan Post on MSN24m
Budget 2025: Cash aid and other financial assistance for Malaysians of all ages
Single, non-married Malaysians will receive a one-off aid of RM600 under the STR programme. Besides those programmes, Budget ...
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 ...
The Rakyat Post35m
2025 Budget: PLKN Is Back Yo, Minimum Wage To Be RM1,700
There will be a new minimum wage of RM1,700 starting February 2025, up from RM1,500. However, employers with fewer than 5 ...
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Malaysia Budget 2025 live updates (auto/transport)
Budget 2025 for Malaysia is being tabled now (October 18, 4pm) by finance minister and prime minister Datuk Seri Anwar ...
Budget 2025: EPF intergenerational wealth transfer to be introduced
Malaysia is planning to introduce intergenerational wealth transfer within the Employees Provident Fund (EPF) to better ...
The Rakyat Post on MSN40m
Budget 2025: Fees For Boarding Schools And Public Universities To Increase For Wealthy Groups
Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. The government ...
Malaysia’s prime minister will try to keep the country’s ‘feel-good’ vibes alive with his upcoming budget
Malaysian Prime Minister Anwar Ibrahim will announce his third budget on Friday, following a good 2024 for the Southeast ...