In-depth reporting on Malaysia and the region.
Malaysia's top tax body backs selective borrowing from GST principles to strengthen SST, arguing that broadened exemptions would cut tax cascading without burdening vulnerable households.
Prime Minister Anwar Ibrahim has indicated the government will examine proposals to merge certain features of GST and SST to create a more progressive taxation framework, though Malaysia will maintain SST as its foundation.
Victims of increasingly sophisticated AI-driven financial scams face a compounding crisis: after losing retirement savings, the IRS sends tax bills for withdrawals from accounts they never actually received.
Philippine President Marcos has announced sweeping tax relief measures targeting workers and small businesses, citing economic pressures from Middle East tensions. The proposals include raising income tax exemptions to ₱350,000 annually and corporate tax breaks.