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The Edge Weekly: No new taxes anticipated, tax reliefs on the horizon
29 Sep 2025
The Edge Weekly, 29 September 2025: Link to online article
Mr Alan Chung and Mr Chow Chee Yen, Senior Executive Directors of Tax Advisory & Compliance of Grant Thornton Malaysia, 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
Click to read the full article
Experts / Authors
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![Alan Chung]()
Alan Chung Alan Chung is the Head of Indirect Tax and Transfer Pricing. Alan is a Fellow of CTIM and a Fellow of CPA of Australia. He is currently the Deputy President of CTIM as well as the Chairperson of CPA Australia’s Malaysian Division Council’s Tax Committee. He was also formerly a Divisional Councillor for CPA Australia’s Malaysian Divisional Council. With a wealth of experience dealing with various government agencies and departments, Alan actively contributes in dialogues with various Government agencies to resolve a myriad of both direct and indirect tax issues.View Profile -
![Chow Chee Yen]()
Chow Chee Yen Chow Chee Yen is the Senior Executive Director of Tax Advisory & Compliance in Grant Thornton MalaysiaView Profile
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