Malaysia
IMF
Strengthened revenue administration, management and governance arrangements
- N/A
OECD, UN
Capacity building audit assistance in international tax issues. Pilot focusing on the effective use of AEOI data.
- Inland Revenue Board of Malaysia
- HMRC (UK)
Capacity building audit assistance in international tax issues. Pilot focusing on the digitalisation of tax administrations.
- Inland Revenue Board of Malaysia
- SII (Chile)
Capacity building audit assistance in international tax issues. Pilot focusing on the effective use of AEOI data.
- Inland Revenue Board of Malaysia
- HMRC (UK)
Capacity building audit assistance in international tax issues. Pilot focusing on the digitalisation of tax administrations.
- Inland Revenue Board of Malaysia
- SII (Chile)
OECD
Assistance on transparency and exchange of information standards.
- Tax administration
Providing support to developing countries on P2 implementation, tax incentive policies and remaining BEPS actions
- N/A
Providing support to developing countries in BEPS implementation
- Ministry of Finance
WBG
The overall objective of the Growth and Inclusion work program is to support Malaysia’s transition into high-income and developed nation status while the country works to ensure that economic growth is both sustainable and shared. Efforts to achieve this objective will consist of capacity-building activities, policy reform assistance and knowledge-sharing activities; and will be shaped by innovative work in the areas of macroeconomics and growth, fiscal management, trade and investment, and inclusion.
The proposed PER aims to support Malaysia’s medium-term fiscal reform efforts to rebuild fiscal space in the post-pandemic period and to sustainably finance its transition to high-income status. Specifically, the PER will seek to provide an in-depth analysis of Malaysia’s prevailing fiscal position and to identify potential reform opportunities to:
(1) Enhance tax capacity and progressivity through reforms to the main tax instruments (including personal income tax, corporate income tax, consumption tax and capital gains taxes) as well as the use of behavioral insights to increase tax acceptance and compliance;
(2) Improve the efficiency and equity of public expenditure by containing the rising costs of public wage bill and pensions, improving the outcomes of public education and health spending, and strengthening the targeting of social assistance programs; and,
(3) Promote low-carbon and climate-resilient development by phasing out regressive fuel subsidies, adjusting carbon prices, and fostering green public investment in low carbon and resilient infrastructure and innovation.
- N/A
The overall objective of the Growth and Inclusion work program is to support Malaysia’s transition into high-income and developed nation status while the country works to ensure that economic growth is both sustainable and shared. Efforts to achieve this objective will consist of capacity-building activities, policy reform assistance and knowledge-sharing activities; and will be shaped by innovative work in the areas of macroeconomics and growth, fiscal management, trade and investment, and inclusion.
- N/A
IMF
Strengthened revenue administration, management and governance arrangements
- N/A
OECD, UN
Capacity building audit assistance in international tax issues. Pilot focusing on the effective use of AEOI data.
- Inland Revenue Board of Malaysia
- HMRC (UK)
Capacity building audit assistance in international tax issues. Pilot focusing on the digitalisation of tax administrations.
- Inland Revenue Board of Malaysia
- SII (Chile)
OECD
Assistance on transparency and exchange of information standards.
- Tax administration
Providing support to developing countries on P2 implementation, tax incentive policies and remaining BEPS actions
- N/A
Providing support to developing countries in BEPS implementation
- Ministry of Finance
OECD, UN
Capacity building audit assistance in international tax issues. Pilot focusing on the effective use of AEOI data.
- Inland Revenue Board of Malaysia
- HMRC (UK)
Capacity building audit assistance in international tax issues. Pilot focusing on the digitalisation of tax administrations.
- Inland Revenue Board of Malaysia
- SII (Chile)
WBG
The overall objective of the Growth and Inclusion work program is to support Malaysia’s transition into high-income and developed nation status while the country works to ensure that economic growth is both sustainable and shared. Efforts to achieve this objective will consist of capacity-building activities, policy reform assistance and knowledge-sharing activities; and will be shaped by innovative work in the areas of macroeconomics and growth, fiscal management, trade and investment, and inclusion.
The proposed PER aims to support Malaysia’s medium-term fiscal reform efforts to rebuild fiscal space in the post-pandemic period and to sustainably finance its transition to high-income status. Specifically, the PER will seek to provide an in-depth analysis of Malaysia’s prevailing fiscal position and to identify potential reform opportunities to:
(1) Enhance tax capacity and progressivity through reforms to the main tax instruments (including personal income tax, corporate income tax, consumption tax and capital gains taxes) as well as the use of behavioral insights to increase tax acceptance and compliance;
(2) Improve the efficiency and equity of public expenditure by containing the rising costs of public wage bill and pensions, improving the outcomes of public education and health spending, and strengthening the targeting of social assistance programs; and,
(3) Promote low-carbon and climate-resilient development by phasing out regressive fuel subsidies, adjusting carbon prices, and fostering green public investment in low carbon and resilient infrastructure and innovation.
- N/A
The overall objective of the Growth and Inclusion work program is to support Malaysia’s transition into high-income and developed nation status while the country works to ensure that economic growth is both sustainable and shared. Efforts to achieve this objective will consist of capacity-building activities, policy reform assistance and knowledge-sharing activities; and will be shaped by innovative work in the areas of macroeconomics and growth, fiscal management, trade and investment, and inclusion.
- N/A