PKF E-Tax News - Malaysia Budget 2025 Key Tax Highlights
Budget 2025 : Focus on Key Pillars of the MADANI Economic Framework: 'Raising the Ceiling', 'Raising the Floor', and ‘Good Governance and Public Sector Reform’.
The Budget 2025, announced on 18 October 2024, will focus on the key pillars of the MADANI Economic Framework. The 'Raising the Ceiling' aims to restructure the economy and boost the nation's competitiveness, positioning Malaysia as a leader in Asia’s economy, while the 'Raising the Floor' seeks to improve Malaysians' living standards by ensuring equal opportunities, a decent standard of living and social protection for all. The ‘Good Governance and Public Sector Reform’ aims to prioritise transparency, efficiency and accountability in government, ensuring that Malaysia's outlined goals can be achieved.
In this year’s edition of PKF Budget 2025 E-News, we have summarized the key budget highlights from a tax perspective, documenting the tax related proposals and changes as announced in the Budget 2025, which would be essential for you and your businesses to be informed.