No new taxes – confirms Malaysia’s National Budget for 2026 tabled in the parliament yesterday.

That being said, the tax revenue is projected to grow by 6.7% driven by the realisation of full revenue potential from the measures introduced in stages since 2024, sustained domestic economic activity and additional revenue from RPGT and Stamp Duty.

Measures to spur the economy economy include accelerated capital allowance to encourage businesses to purchase locally manufactured plant & machinery.

There are various other proposals relating to incentives, corporate tax deductions, personal reliefs for individual taxpayers, stamp duty and indirect tax. We are pleased to share with you our concise 12-page Tax e-Alert on the tax measures announced in Budget 2026.