PwC Malaysia

The government unveiled Malaysia's largest-ever budget, totalling RM421 billion, with RM335 billion allocated for operations and RM86 billion for development. Unpacking key highlights from the proposals, Steve and Patrick delve into the expansion of Sales and Service Tax (SST), RON95 subsidy rationalisation and minimum wage increase, among other proposed measures. Listen to the podcast: https://lnkd.in/g8RSNT4F #Budget2025 #Belanjawan2025 #EkonomiMADANI #MYPwCBudget

Tune in to our speakers as they share their initial thoughts on Budget 2025 with appearances on BFM Radio - The Business Station, Astro AWANI, Bernama TV 🇲🇾 and RTM from 18 October to 23 October. Don’t miss our exclusive webinar in collaboration with CPA Australia next Tuesday, 22 October. Register now at https://bit.ly/3UdTUOm Stay up to date on key highlights from the proposals – visit our microsite at: https://pwc.to/3BCFEZh #Belanjawan2025 #EkonomiMADANI #MYPwCBudget

Reflecting on the implementation of e-Invoicing in Malaysia on 1 August 2024, Haizam and Zaim highlight the challenges faced by businesses, such as initial setup costs, change management and data privacy concerns, and emphasise the government's role in ensuring a smooth transition. Read the article on Berita Harian: https://pwc.to/3zZp9WJ #Budget2025 #Belanjawan2025 #eInvoicing

Emphasising the importance of enhancing existing initiatives and utilising data-driven decision-making to promote female participation in the workforce, Lilia suggests areas Budget 2025 can address to create a more equitable workplace for all. Unpack #Budget2025 with expert insights at https://pwc.to/3BCFEZh #Belanjawan2025 #MYPwCBudget #Workforce

As Budget 2025 approaches, all eyes are set on the nation's sustainability agenda. Could carbon pricing be a viable strategy to reduce carbon emissions in Malaysia? Jasmine and Di Sheng delve into the mechanisms of carbon pricing, global approaches, and key considerations for its implementation. Explore our perspective: https://pwc.to/3Ntsalb #CarbonTax #EnergyTransition #Budget2025

As mid-tier companies play a vital role in driving Malaysia's economic growth, Fung Mei Lin hopes that the updated regional services tax incentive will remain investor-friendly to support mid-tier companies in scaling up their international operations. Full story on New Straits Times: https://bit.ly/4f0kiE5 #Budget2025 #Belanjawan2025 #ServiceTax

Effective use of tax data enables more informed decision-making and efficient administrative processes. With the rollout of the Tax Corporate Governance Framework and e-Invoicing, Pauline Lum discusses the implications for transparency and tax administration ahead of the Budget 2025 announcement. Watch the interview on Astro Awani: https://lnkd.in/gMbiDkGU #TaxCompliance #Data #Budget2025

We are immensely proud as PwC Malaysia has been awarded as winners in the Gender-Inclusive Workplace category at the 2024 Malaysia UN WEPs Awards. This honor recognizes our unwavering commitment to embracing the Women Empowerment Principles (WEPs) and advancing gender equality as part of our Inclusive & Diversity Strategy. At PWC Malaysia, diversity, equity, and inclusion (DEI) are not just values we uphold-they are integral to our identity and the way we do business. We believe that a truly inclusive workplace is one where every individual, regardless of gender, can achieve their fullest potential. This award energizes us to further our DEl initiatives, champion women's empowerment, and drive meaningful impact within our organization and the wider community. Thank you once again for this incredible honor. Together, we will continue to pave the way for a more inclusive and equitable future. Florence Tan PwC Malaysia Nurul Ain Abdul Latif Pauline Ho #PwCMalaysia #UNWEPs #GenderEquality #DEI #WomenEmpowerment #inclusiveworkplace #pwcproud

The rise of digital services and AI fuels the need for data centres. While the Digital Ecosystem Acceleration (DESAC) scheme offers tax incentives to attract high quality digital projects, Boon Siew (Tax Director) shares that clear and business-friendly guidelines are crucial to ensure its success. Full story on The Edge: https://pwc.to/3U48qYT #Budget2025 #Belanjawan2025 #Data #Digital

Gregory Bournet, Ph.D. thinks implementing merger control laws would align Malaysia with regional and global practices. He emphasises the benefits for both consumers and investors, noting that such regulations would promote a competitive business landscape, essential for sustaining innovation and economic resilience. Full story on The Star: https://bit.ly/3NxbSYl #MergerControl