Prosperity tax more likely to rake in RM3bil

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KUALA LUMPUR: The one-off Cukai Makmur (prosperity tax) introduced throughout Funds 2022 is predicted to generate greater than RM3bil for the Treasury, based on Deputy Finance Minister Yamani Hafez Musa.

He defined that the federal government’s plan to impose the one-off tax was aimed toward firms that prospered throughout the Covid-19 pandemic. He stated the tax was additionally among the many measures to extend income.

“As these firms have gained excessive income, we really feel they need to contribute to the restoration efforts,” he stated in Parliament yesterday. Yamani Hafez additionally famous the RM33bil loss when buying and selling on Malaysia’s inventory market opened yesterday morning.

“Many analysts stated those that stop the market have been short-term buyers. We must always give it a number of days for the long-term buyers to return in after which solely will the share market be competitively priced,” he added.



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