With low taxes and more funding, can 2027 be the year of MSMEs?
Economists and industry representatives assess whether tax cuts and increased financing facilities can spur business growth in the new year.
The 2027 Malaysian budget outlines significant measures to support micro, small, and medium enterprises (MSMEs). Corporate tax rates for these businesses are set to drop to 14% and 16%, providing tax savings of up to RM6,000 annually for eligible companies. This follows an increase in financing facilities and guarantees. Economists and industry leaders believe these actions could help MSMEs grow and expand into international markets.
A notable increase of RM67.9 billion has been allocated to MSME development in 2027, surpassing the previous year's funding. However, the extent to which these measures will propel 2027 as "the year of Malaysian MSMEs" remains a subject of debate among economists and industry representatives.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- With low taxes and more funding, can 2027 be the year of MSMEs? freemalaysiatoday.com
