Budget 2025 Malaysia, themed “Madani Economy, National Prosperity, People’s Well-being,” aimed at driving more robust national economic growth and improving people’s quality of life through a series of policies and measures. What key economic stimulus programme will the government introduce to compensate for the losses caused by the pandemic? Will SMEs receive stronger support? Stay updated with YYC’s exclusive Budget Newsletter, expert insights, events, and videos. Don’t miss out—discover now!
Get ready for the proposed Budget 2025 Malaysia Madani Economy on October 18! Download YYC’s exclusive newsletter—your comprehensive guide to the key Malaysia tax proposals and grants of the proposed Budget 2025.
Our Budget 2025 newsletter breaks down the most impactful changes, such as the expansion of the SST, targeted tax relief for households, new tax incentives for digitalization and automation for businesses, and more. Equip your business with strategic insights and actionable steps to thrive under Malaysia’s largest-ever budget – Download Now!
Stay tuned to YYC’s Facebook page on October 18 at 9 PM, where Datin Shin, CEO and Finance Expert of YYC, along with YYC’s tax directors and experts, will bring you an early analysis of the Budget 2025 Malaysia, breaking down key highlights, Malaysia tax reforms, and financial strategies right after the budget announcement!
In Budget 2025 Malaysia, there are no new announcements of additional capital gains tax (CGT) introductions. However, it builds on the Capital Gains Tax framework established in Budget 2024, which focused on the disposal of unlisted shares. The tax rate remains at 10% on the adjusted income or 2% of gross proceeds, applicable from March 2024 onwards. Exemptions were granted for corporate restructuring and IPO transactions under certain conditions.
In Budget 2025 Malaysia, significant updates have been made regarding stamp duty. A major highlight is the introduction of a self-assessment system for stamp duty, which will be implemented in phases starting from January 1, 2026. This system aims to streamline the stamp duty process, making it easier for businesses and individuals to assess and pay the applicable duties themselves.
Additionally, a key update concerning stamp duty is the introduction of full stamp duty exemptions for loan or financing agreements under the Micro Finance Scheme for Micro, Small, and Medium Enterprises (MSMEs). This exemption will apply to loans or financing agreements up to RM100,000, which aims to support MSMEs by providing them with easier access to capital at more affordable terms.
These updates are part of the broader effort to modernize and simplify the tax and duty systems under the Madani Economy framework.
A 2% tax is introduced on dividend income exceeding RM100,000 annually, excluding some foreign and tax-exempt sources.
To promote public health, the excise tax on sugar-sweetened beverages is set to increase in 2025, with phased increments designed to combat obesity and diabetes.
In Budget 2025 Malaysia, significant changes were made to the Sales and Service Tax (SST). Starting May 1, 2025, the scope of SST will expand to include new sectors and non-essential goods:
The phased implementation of e-invoicing, as introduced in Budget 2024, will begin in August 2024 for companies with an annual turnover exceeding RM100 million. By January 2025, it will extend to companies with a turnover between RM25 million and RM100 million, and by July 2025, it will cover all other businesses..
To support this initiative, Budget 2025 announced tax incentives for the implementation of e-invoicing. Companies investing in e-invoicing systems will qualify for accelerated capital allowances, fully claimable over two years. This includes the purchase of ICT equipment, computer software packages, and consulting fees, with the allowance period reduced from three years to two years.
The e-invoicing system aims to enhance transparency, improve real-time tax reporting, and reduce tax evasion, aligning with the government’s efforts to modernize tax compliance and improve operational efficiency.
The 2% tax on dividend income exceeding RM100,000 annually, introduced in Budget 2025 Malaysia on 18 October 2024, has come as a surprise to many investors. For
As Malaysia anticipates the announcement of the National Budget 2025 Malaysia, businesses and individuals are looking for key tax reforms that could support economic growth
As Malaysia prepares for the unveiling of Budget 2025 Malaysia (Bajet 2025) on October 18, anticipation grows around the government’s fiscal plan and its potential
What are the highlights of the Budget 2025? Understand the latest proposed national budget 2025 policy and how it can benefit you and your business in terms of Malaysia tax planning in the year 2025. Datin Shin Yap and Zen Chow will guide you through essential tax reforms, tax incentives, and support measures, offering valuable insights for businesses of all sizes.
Join the webinar now! FREE entry for the FIRST 300 registrations! Sign up now to prepare your business for success under Budget 2025.
Join the YYC Tax Summit 2024 on November 13 at One World Hotel, Petaling Jaya, and gain critical insights into the latest tax policies and market outlook for 2025. Tailored specially for business owners, taxpayers, finance personnel and corporate executives, this exclusive Malaysia tax event will help you stay ahead of evolving tax regulations and market trends.
By attending, you’ll learn directly from Datin Shin Yap and Zen Chow, as well as other business industry leaders, who will share expert strategies to maximize tax efficiency and explore new business opportunities in 2025. Don’t miss out—seize this chance to optimize your tax planning and ensure compliance with the latest Malaysia tax reforms.
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What Changes Will Budget 2025 Malaysia Bring? Tax Reductions? e-invoicing Updates?
As Budget 2025 Malaysia Madani approaches, what are your expectations? Will we see new tax reductions, updates to e-invoicing, or other significant changes? Watch this video to hear public opinions and insights on what people hope to see in the upcoming budget announcement. Stay informed and join the conversation!