The government expects to widen Malaysia’s tax base by introducing e-invoicing to shore up revenues by capturing “missing income” from the shadow economy.
The government expects to widen Malaysia’s tax base with the introduction of e-invoicing to shore up revenues by capturing “missing income” from the shadow economy.
The government expects to widen Malaysia’s tax base with the introduction of e-invoicing to shore up revenues by capturing “missing income” from the shadow economy. As such, there should be clear explanations of the situations under which the cases may be revisited. The government made it clear even before the announcement of the budget that the goods and services tax would not be reintroduced, ostensibly as it is not an opportune time to do so with the rising costs of living.
The introduction of a carbon tax would also provide an avenue for the reduction of direct taxes in the future.
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