Taxation

One Year On: Starmer Trades Bold Promises for Cautious Progress as Public Patience Wears Thin

One year into office, Keir Starmer shows steady leadership but faces criticism for broken promises, diluted reforms, and slow delivery…

10 months ago

Millionaires Flee High Taxes: UK Set to Lead Global Wealth Exodus in 2025

UK to see highest millionaire outflow in 2025 as taxes rise; wealthy prefer UAE for stability and low tax.

10 months ago

Trump’s Tax and Spending Bill Passes Senate After Tie-Breaking Vote

US Senate Republicans passed Trump’s tax bill with a tie-breaking vote, despite opposition, reducing social program spending and making cuts…

10 months ago

ACCCIM Urges Postponement of Expanded SST to 2026. Reduce tax rate to 4%

The ACCCIM urges a delay in SST implementation to 2026, proposing a reduced tax rate and higher exemptions.

10 months ago

Malaysian Banks to Phase In 8% Service Tax, Basic Accounts Exempt

Starting July 2025, Malaysian banks will impose an 8% service tax on fee-based financial services, excluding basic banking.

11 months ago

Malaysians Face Higher Fruit Prices as Import Costs Surge from July

From July 1, Malaysia faces increased imported fruit prices due to a new sales tax, rising freight costs, and higher…

11 months ago

SST Expansion Fuels Malaysia’s Subscription & Rental Boom

Malaysia's economy relies on strong domestic consumption, driven by subscription and rental models, amidst rising household debt and SST modifications.

11 months ago

Extended SST projected to increase by RM5 billion in 2025 and RM10 billion in 2026

Malaysia's Sales and Service Tax will increase significantly by 2026, targeting higher-income groups and expanding its coverage.

11 months ago

Muhyiddin Slams Madani Govt, Urges Cancellation of SST Expansion and TNB Tariff Hike

Tan Sri Muhyiddin Yassin urges cancellation of SST expansion, electricity tariff hike, and promotes public consultation for better governance.

11 months ago

Anwar’s Hamlet Dilemma: To Tax or Not, as Malaysia Faces Reform Challenges

Prime Minister Anwar Ibrahim advocates tax reforms and subsidy rationalization in Malaysia, addressing challenges while ensuring support for the underprivileged.

11 months ago

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