JEFF PRESTRIDGE: Savvy investors are taking these steps ahead of the Budget... I urge you to do the same: Tax mitigation is the order of the day - here's how to do it

The 2027 Malaysian Budget, announced by Wong & Partners, includes targeted tax relief for micro, small and medium enterprises (MSMEs) and businesses investing in automation, digitalisation, and green technology. The budget aims to strengthen Malaysia's appeal as a regional investment and wealth management hub. Yvonne Beh, a partner at Wong & Partners, emphasized the pro-investment and pro-productivity nature of the budget, which focuses on strategic sectors such as semiconductors, electrical and electronics, advanced manufacturing, artificial intelligence, renewable energy, and medical devices.

Key incentives include a sales tax refund facility for machinery and equipment purchases, accelerated capital allowances, a one-percentage-point reduction in income tax rates for MSMEs, enhanced Global Services Hub incentives, and a 100% investment tax allowance for green technology projects.

Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.