tag:blogger.com,1999:blog-3962291562389601366.post7666593399762990162..comments2023-10-24T19:08:30.930+08:00Comments on Rightways: A promising Malaysian tax budget for 2013 this Friday?righwayshttp://www.blogger.com/profile/16150938067127325366noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3962291562389601366.post-73680058737748820882012-09-26T02:27:15.747+08:002012-09-26T02:27:15.747+08:00About 70% of the government’s revenue comes from t...About 70% of the government’s revenue comes from taxes, of which a big portion is from direct taxes and the rest from indirect taxes.The direct taxes comprise petroleum tax, corporate tax and personal income tax.<br /><br />Less than 10% of the population pay taxes. Thus there is a need for a broad-based tax like the GST to be introduced to reduce both the personal income tax and government’s fiscal deficit.righwayshttps://www.blogger.com/profile/16150938067127325366noreply@blogger.com