Malaysia legislation

Section 10

of PUBLIC FINANCE AND FISCAL RESPONSIBILITY ACT 2023

Section 10

(2)

The formulation of revenue policy shall be based on the following objectives:

(a)

to achieve sufficient and sustainable revenue generation in the medium term and long term;

(b)

to manage and administer revenue consistent with international best practices;

(c)

to have an efficient tax system and fair legislative framework; and

(d)

to maintain a reasonable degree of predictability and stability of tax policy.

Revenue policy