World Bank urges Malaysia to expand tax revenue without raising rates in Budget 2027

BUDGET 2027 must focus on boosting national tax revenue without raising tax rates, including reviewing the income threshold for higher marginal individual income tax rates, the World Bank has advised.

World Bank Lead Economist for Malaysia Dr Apurva Sanghi highlighted that one of Malaysia's largest structural challenges is the decline in tax revenue relative to Gross Domestic Product (GDP).

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