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Govt to introduce a more balanced, fair tax system if economy improves, says deputy finance minister | Malay Mail

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Govt to introduce a more balanced, fair tax system if economy improves, says deputy finance minister

KUALA LUMPUR, Oct 14 — The government will introduce a more balanced and fair tax system if the country’s economy improves, Deputy Finance Minister I Senator Mohd Shahar Abdullah said.

“The government of today is very concerned and will not introduce tax measures without taking into account the people’s welfare and the country’s economic stability and viability, especially to businesses,” he said at the Dewan Negara today. However, he said ongoing initiatives and studies were being carried out to structure a more balanced, fair and equitable tax system in order to support and increase national revenue.

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