With just one week left for the unveiling of 2025 Budget proposals by the Prime Minister of Malaysia, Thenesh Kannaa shares at Astro Awani special show for the Budget on the expectations with regards to tax measures.

Amid the theme of improving the tax-to-GDP ratio, he emphasises that the solution may not be new taxes. Instead, the priority should be to improve compliance – which also leads to level playing field among industry players in addition to contributing to Government revenue. Also, leakages should be reduced.

Thenesh’s ‘wish list’ includes revisitation of personal reliefs and reliefs for disabled individuals to better reflect current cost of living. It has been more than a decade since these amounts were last updated.

Watch the full interview at the link below.

Thenesh is an Executive Director of TRATAX & International Tax Leader for the APAC region of WTS Global.