Malaysia's Minister of Finance tabled the Budget for 2022 in parliament on 29 October 2021. As provided in the Budget Speech 2022, one of the main tax measures is the introduction of a one-off special windfall tax to the companies that generate high income. The tax, known as "Cukai Makmur", will be charged on companies with chargeable income exceeding MYR 100 million, with the first MYR 100 million subject to tax at the standard 24% corporate tax rate and the amount of chargeable income exceeding MYR 100 million subject to tax at the rate of 33% for the year of...