KUALA LUMPUR: Malaysia Prime Minister Anwar Ibrahim said on Tuesday that the country’s taxation policies must be guided by two fundamental principles, namely to tax when it is absolutely necessary and that it should not be considered a burden to taxpayers.
During his speech on Tuesday, Mr Anwar stressed that while taxation is necessary, the government should not overtax and burden the people. “This will not only reward them but at the same time, nurture the sense of belonging or sense of responsibility for them that is consistent with,” he said, adding that even those who were deprived and marginalised would be able to compete and survive.
Malaysia has about 130,000 hardcore poor people and many in the B40 category, Mr Anwar told parliament in March this year.Malaysia currently uses the Sales and Services Tax which was introduced in 2018 as a replacement to the GST.
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