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World Bank urges Malaysia to expand tax revenue without raising rates in Budget 2027

BUDGET 2027 must focus on boosting national tax revenue without raising tax rates, including reviewing the income threshold for higher marginal individual income tax rates, the World Bank has advised.

  • World Bank urges Malaysia to boost tax revenue without raising rates in Budget 2027.
  • Reduce income threshold for higher individual marginal tax rates to increase revenue.
  • Simplify corporate income tax for SMEs and phase out special tax treatment at SME threshold.

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