Budget 2022: ‘Cukai Makmur’ reflects spirit of shared prosperity, says Deloitte Malaysia
KUALA LUMPUR, Oct 30 — The proposed one-off “Cukai Makmur” announced in Budget 2022 yesterday, instead of a windfall tax, supports the government’s initiative, as those enjoying extraordinary profits from the Covid-19 pandemic could assist those adversely affected in the spirit of shared national prosperity, audit firm Deloitte Malaysia said.
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz, when tabling Budget 2022 yesterday, announced a one-off Cukai Makmur on companies that make more than RM100 million in profit for the year of assessment 2022. “These proposals will be welcomed by companies suffering from the pandemic, as well as those looking to reinvest as the business climate improves,” she said.
Similarly, Deloitte Malaysia indirect tax leader Tan Eng Yew reckons that the SVDP should encourage businesses towards a culture of self-compliance, which augurs well for the next phase of fiscal reforms.
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