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23 May 2023 1 minute read
Malaysian Prime Minister and Minister of Finance Anwar Ibrahim re-presented Budget 2023 on Feb. 24, with the three main focus areas being to drive an inclusive and sustainable economy, inspiring confidence with institutional and governance reforms, and facilitating social justice by reducing inequality. At 388.1 billion Malaysian ringgit ($87 billion), it is the largest expansionary budget in the country's history. In an article published in Bloomberg Tax, Yvonne Beh and Jeff Sum look at key corporate tax measures in the budget and discuss their implications on businesses and investors.
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