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2019 Budget: How does it impact your business?

A new Government has been formed after 6 decades. It will be Malaysia Baru’s first Budget this Friday, 2nd November 2018.

In a recent conference, Tun Dr Mahathir Mohammad, the Prime Minister of Malaysia has reported said that the Government may have to devise new taxes in order to pay the Government’s debts.

YB Lim Guan Eng, the Finance Minister of Malaysia has confirmed that there would be new tax measures in the 2019 Budget, and has also expressed that continuous audits and investigations by the Inland Revenue Board and the Royal Malaysian Customs would raise tax compliance.

What would the key tax changes in the 2019 Budget, and how would it impact your business? How would other tax developments such as repeal of GST, introduction of SST and recent tax cases affect your business?

For this initiative, we will invite Thenesh, partner of Tratax share to us his perspective.

Thenesh has presented on numerous tax topics in more than 100 forums, conferences and seminars organised by various institutions. He is also co-author of the following books published by Wolters Kluwer (CCH):

1. Manual of Capital Allowances and Charges

2. The RPGT Handbook

3. Malaysia Master GST Guide (2nd Ed., 2015)

Thenesh is also the author of the Malaysian chapter of the Holding Companies Database published by International Bureau of Fiscal Documentation (IBFD), Amsterdam. A work co-authored by him has been awarded the MIA’s Articles of Merit Award for Public Accountants in Business 2013.

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