Corporate tax can be reduced if GST is revived, says Dr Wee
By : The Star
Published On: 2023-10-17
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04:49
If the goods and services tax (GST) was revived, it could potentially reduce the corporate tax in Malaysia, which is at 24%, among the highest in the region, said Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).
When debating Budget 2024 in Parliament on Tuesday (Oct 7), Dr Wee said Singapore’s corporate tax was 17%, Brunei (18.5%), Cambodia (20%), Vietnam (20%), Thailand (20%), and Indonesia (21%).
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