Malaysia to widen tax net, raise minimum wages in 2025
Malaysia to widen tax net, raise minimum wages in 2025 as budget spending hits record
Malaysia will introduce a slew of new taxes, cut subsidies for a widely used fuel, and raise the minimum wage from next year, Prime Minister Anwar Ibrahim said on Friday as he announced a record budget spending plan of 421 billion ringgit ($98 billion).
Malaysia to raise minimum wage to RM1,700 from February next year
The Malaysian PM said the Progressive Wage Policy, introduced in June as a pilot programme, will be fully implemented next year, backed by an RM200 million allocation aimed at benefiting 50,000 worker
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit
Malaysia to widen tax net and cut subsidies in 2025 as budget spending hits record
Malaysia will widen the scope of its sales and services tax (SST) and reform the subsidy of a widely used fuel next year, Prime Minister Anwar Ibrahim said on Friday as he announced record budget spending of 421 billion ringgit ($98 billion).
Budget 2025: Malaysians, here’s all your incoming individual income tax reliefs; and if you are a worker, RM1,700 minimum wage is coming too
What will you get in tax income reliefs from Budget 2025? And what tax changes should you look out for? Here are all the major individual income tax reliefs and exemptions from Finance Minister Datuk Seri Anwar Ibrahim’s Budget 2025 speech today: There are also tax reliefs on individual income linked to the welfare of senior citizens: Tax relief for payments for parents’ medical check-up: Expanded to include vaccination costs.
Malaysia’s minimum wage to go up to RM1,700 from Feb 1
The government has agreed to increase the minimum wage rate from RM1,500 currently to RM1,700, with effect from Feb ...
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Nepalis in Kuala Lumpur, Malaysia, call it a home away from home
Nepalis are employed across all sectors of the Malaysian job market," shared Birjesh Mahat, owner of Nepal House in downtown ...
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Killing of much-loved stray dog sparks nationwide backlash in Malaysia
The killing of a beloved stray dog, who went viral on social media due to an adorable video with a cat, has triggered outrage ...
The Winners and Losers From Malaysia’s 2025 Spending Plan
Malaysia’s retailers and tourism-related firms are poised to benefit from the national spending plan for next year as the ...
Malaysia plans record budget spending in 2025 as reforms boost revenue
Malaysia announced on Friday record budget spending of 421 billion ringgit ($98 billion) for 2025, with the government ...
eVnExpress on MSN6h
EU's plastic waste exports to Malaysia soar: report
Malaysia is the world’s second-largest dumping ground for plastic waste from the European Union (EU), undermining its ...
Malaysia Plans to Reduce Petrol Subsidies in Middle of 2025
Malaysia will reduce subsidies for its most widely-used petrol, RON95, in mid-2025 as the government seeks to narrow its ...
Malaysia eyes more subsidy cuts, new taxes in 2025 budget to boost finances
Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and ...
Huawei spies a second chance to shape Malaysia’s 5G future
The Chinese tech giant has emerged as the odds-on favourite to build Malaysia’s second 5G network – despite the West’s ...