Deloitte M'sia: Higher tax on the rich may increase revenue by 4pct in 2023

Measures such as taxing the T20 group more and luxury goods and reintroducing a voluntary disclosure programme in the revised Budget 2023 are expected to increase the government's tax collection by four percent over total revenue this year compared with 2022, according to Deloitte Malaysia.

Deloitte Malaysia tax leader Sim Kwang Gek said the budget has reintroduced the voluntary disclosure programme which covers both direct and indirect taxes...