THE younger generation is now more interested than ever in starting their own businesses.
Relevant skills in a chosen business as well as digital literacy are among the factors in earning a lucrative income. With social media, many business owners share their successes, profits and luxurious lifestyle with the public.
Taxpayers’ contributions can help to ease the plight of low-income fellow Malaysians in the form of government subsidies. The government has allocated a substantial budget to preserve the nation’s prosperity. When the nation was battling the Covid-19 pandemic, where did the government get funds to set up facilities to treat patients, if not from the taxes paid by the people.
Income tax is the highest source of the country’s income used for development and operating expenditures. Being an influencer is also a profession which can be taxed under the Individual with Business Income category.
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