BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Unpacking Budget 2025: Fiscal Strategies and Business Implications

Unpacking Budget 2025: Fiscal Strategies and Business Implications

Farah Rosley, Malaysia Tax Managing Partner, Ernst & Young Tax Consultants

21-Oct-24 12:00

Unpacking Budget 2025: Fiscal Strategies and Business Implications

In this episode of Enterprise Explores, we unpack Malaysia’s 2025 National Budget and its implications for the business community with Farah Rosley, Malaysia Tax Managing Partner at Ernst & Young Tax Consultants.

The budget introduces a range of measures aimed at strengthening fiscal consolidation, accelerating industrial transformation, and supporting high-tech sectors, with a strong emphasis on digitalisation, sustainability, and broadening the tax base. Key highlights include:

- A new 2% tax on chargeable dividend income for individual shareholders exceeding RM100,000,

- An expanded Sales tax scope to include additional services and non-essential goods, such as salmon and avocado. Sales

- Tax exemptions will remain for essential food items.

- A progressive expansion of Service Tax to cover B2B commercial service transactions starting 1 May 2025,

- Phased increases in excise duty rates on sugary drinks,

- Continued support for SMEs and new tax incentives for technology, renewable energy, and logistics sectors,

- A strong push towards automation and ESG initiatives, aligned with the New Industrial Master Plan 2030,

- The introduction of a carbon tax on the iron and steel industries starting in 2026 to encourage low-carbon technologies.

Farah discusses these key measures and what the business community needs to know about tax policies, funding opportunities, and navigating the evolving fiscal landscape.

This BFM Budget 2025 Special is brought to you by Mah Sing – Reinvent Spaces. Enhance Life.

Produced by: Kishan Sivaswamy, Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  economymanagingCorporatesgovernmentLaw/ActivismSMEtechnologyenvironmentsponsored content

Tags:  tax policiesBudget-2025-Mahsing ⁠Budget 2025dividend taxtax incentives





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) The recent MAHB cyberattack is worrying. Adjunct Professor Murugason R. Thangaratnam, Co-Founder and CEO of Novem CS unpacks what went wrong, how to prevent future breaches, and what this means for the nation’s digital security landscape.

12:00 PM

Just For Kicks

(REPEAT) Join Kam and his three pundits, Gogulan, Bob and Asran as they review Matchday 30 of the EPL and look forward to Matchday 31!

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Ong Kar Jin and Azmyl Yunor discuss the state of the world, museums and post-tour blues on another episode of A Bit of Culture.

2:00 PM

Ringgit & Sense

(REPEAT) Linnet Lee, Director at Resolute Planning talks about planning for your own aged care, and how you’re supposed to manage your finances if you do not or choose to not have kids.

2:30 PM

The Property Show

(REPEAT) Yeoh Tung Seng, Partner at Yeoh & Joanne joins Natalie Tan to discuss the rights of leasehold property owners, from exploring the options they have when their lease expires to discussing the concept of private lease schemes.

3:00 PM

Best of The Bigger Picture

(REPEAT) Producer June Tan and dancer/choreographer January Low talk about Straddle #2025, a new platform by Five Arts Centre.

3:30 PM

Best of The Bigger Picture

(Repeat) All That Jazz is an upcoming jazz concert that combines original songs and reimagined classics. Pianist and musician Tay Cher Siang from the WVC Malaysian Jazz Ensemble, and Janet Lee, a singer and performer with the female jazz trio The Shang Sisters share more.

4:00 PM

Best of Evening Edition

(REPEAT) Author Kimberly Lee shares what it’s like to write for children and the considerations that need to be made.

5:00 PM

BBC World Service

BFM presents the BBC World Service, which provides in-depth coverage of issues from around the world.