author_orbitax
Orbitax

Share This Article

Malaysia Considering Windfall Tax and Other Measures to Fund Support Programs for COVID-19

24 September 2021

|

Proposed Changes

|

Malaysia

Malaysia's government is considering measures to increase revenue in order to fund support programs for targeted groups impacted by COVID-19. According to a Ministry of Finance release, the government is looking at a number of measures to increase revenue, including imposing a tax on stock investment proceeds as well as imposing a higher tax (windfall tax) on a one-off basis on companies that generated extraordinary profits during the COVID-19 pandemic period. Further details of the measures will be published once available.