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The Edge Weekly: No new taxes anticipated, tax reliefs on the horizon

The Edge Weekly, 29 September 2025

Mr Alan Chung and Mr Chow Chee Yen, our Senior Executive Directors of Tax Advisory & Compliance, recently shared their insights with The Edge on Budget 2026.

Excerpts from the article: 

SST: Too soon for another expansion

Grant Thornton senior executive directors of tax advisory and compliance Alan Chung and Chow Chee Yen note that many new registrants began charging SST only in September with first filings due at end-November - making it too early for policymakers to assess the full impact of the expanded tax. 

Details expected as Malaysia readies carbon play

Tax experts stress careful implementation, with Grant Thornton urging the reinstatement of tax incentives for carbon credit income, special deductions for emission-cutting efforts and clear treatment of the carbon tax as an operating cost, similar to SST.

Tariff shock mitigation, FDI tax incentives, semiconductor goodies

Grant Thornton says a proposed evaluation mechanism, the National Investment Aspiration Scorecard, may be introduced to assess investment quality, including economic spillover effects and the creation of high-value jobs. "The New Investment Incentive Framework (NIIF) along with comprehensive financing initiatives, is expected to steer FDI towards knowledge-based private and ESG investments, ensuring better incentive rates for projects that can enhance economic complexity and expand domestic supply chains. This will elevate the capabilities of micro, small and medium enterprises to produce high-value, high-technology, "made by Malaysia' products.

No new taxes anticipated, tax reliefs on the horizon

No new taxes anticipated, tax reliefs on the horizon

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