New carbon tax needs clarity on implementation - consultants

The proposed introduction of the carbon tax in 2026 on the steel, iron and energy industries addresses environmental concerns, collectively creating a more robust and equitable tax system and supporting long-term economic and environmental goals.

PricewaterhouseCoopers (PWC) Malaysia tax leader Steve Chia said the carbon tax can also be seen as Malaysia’s response to the European Union’s carbon border adjustment mechanism.

“Overall, Budget 2025 is...