Mida: Malaysia can attract more quality, sustainable investments after announcement of Budget 2024

Deloitte, Ernst & Young: With Malaysia’s new capital gains tax, real property gains tax needs amendment to avoid double taxation

'Short-sighted' to cull crocodile spotted at Marina East without trying other options first, say some animal groups in SingaporeMalaysia will be able to attract more quality and sustainable investments following the announcement of the Budget 2024 by Prime Minister Datuk Seri Anwar Ibrahim yesterday.

In a statement today, Mida chief executive officer Datuk Arham Abdul Rahman said the agency is committed to ensuring Malaysia remains a major investment destination in Southeast Asia.

Mida also welcomed the announcement on establishing the Investment and Coordination Action Committee that will report to the National Investment Council chaired by the prime minister.It said that the JTPPP, chaired by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, will synchronise investment and trade activities in a more effective, coordinated and holistic manner.

Meanwhile, Mida said the government’s announcement that it will implement the Global Minimum Tax in 2025 is expected to positively impact the country and maintain Malaysia’s ability to attract new investments and ready investments from multinational companies.

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