TaXavvy Budget 2025 Edition

Welcome to our TaXavvy Budget Edition which brings you the key tax proposals of Budget 2025 as announced by the Prime Minister and Finance Minister, YAB Dato' Seri Anwar bin Ibrahim.

Highlights:

Tax on dividend - Dividends received by individual shareholders (more than RM100,000) is subject to tax at 2%
Tax reliefs - Enhanced reliefs for families and education
Sales and Service Tax - Expansion of scope to include business-to-business commercial service transactions and non-essential basic necessities
Stamping of instruments - Self-assessment stamp duty system will be implemented in three distinct phases
Foreign-sourced income exemption for resident individuals - Extension of exemption period until 31 December 2036
Special tax incentive - Income tax incentive at a special rate will be granted for investments in 21 economic sectors in specified States

TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.