What Happens To Tax Rates In 2025. Excise duties on sugary drinks will be raised in stages from january to help reduce national obesity and diabetes rates, while a carbon tax on the iron, steel and energy industries. Prime minister datuk seri anwar ibrahim, who is also malaysia’s finance minister, has tabled the 2025 budget in parliament today (october 18, 2024).
Both approaches have their merits: Widening the tax bracket shields taxpayers from a higher tax burden due to salary increases, especially inflationary increments.
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