KUALA LUMPUR: Malaysia is likely to focus on improving tax collection and fine-tuning existing taxes rather than introducing major new levies in 2027 Budget, according to KPMG senior tax policy adviser Dr Veerinderjeet Singh.
He said stronger enforcement, better use of tax agency analytics and broader tax bases could provide additional revenue while supporting the government's fiscal consolidation efforts.
Speaking at a forum hosted by CIMB Securities, Veerinderjeet said the government should "sweat our assets".
This is by improving collection efficiency, with scope to gradually raise Malaysia's tax-to-gross domestic product ratio towards 15 per cent through stronger personal, corporate and indirect tax bases.
