Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz stated that the one-off Prosperity Tax (Cukai Makmur) will contribute to the government's revenue, with an expected collection of at least RM3 billion. He highlighted that while increasing tax rates is not suitable during the economic recovery, the government is focusing on improving cost control and revenue from agencies. Additionally, the government has lost RM4.8 billion in tax revenue due to a passenger vehicle sales tax exemption.CUKAI MAKMUR TO LIGHTEN GOVT’S FINANCIAL BURDEN, SAYS TENGKU ZAFRUL
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz stated that the one-off Prosperity Tax (Cukai Makmur) will contribute to the government's revenue, with an expected collection of at least RM3 billion. He highlighted that while increasing tax rates is not suitable during the economic recovery, the government is focusing on improving cost control and revenue from agencies. Additionally, the government has lost RM4.8 billion in tax revenue due to a passenger vehicle sales tax exemption.
