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Malaysia Budget 2019

We are pleased to present to you Grant Thornton’s Budget Adviser. 

The 2019 Budget was tabled by the Minister of Finance, YB Tuan Lim Guan Eng on 2nd November 2018. The first budget speech by the new Government of Malaysia was themed "Credible Malaysia, Dynamic Economy, Prosperous Rakyat".

The 2019 Budget aims to address both fiscal and non-fiscal aspects of the economy by focusing on several strategies. To minimise the loss of revenue, the Government will review the existing tax treatments, encourage voluntary compliance of tax reporting, boost the property sector, ensuring its citizens continue to enjoy welfare and quality of life.  

Should you need more information or any clarifications, please do not hesitate to get in touch with our Tax team in our respective offices.