Malaysia to Delay New Taxes as Manufacturers Fear Tariff Hit (2)

Malaysia is delaying a planned expansion of its sales and service tax, providing a temporary reprieve for manufacturers bracing for higher US tariffs.

The planned widening of the tax base, originally due on May 1, will be implemented at a later date, a spokesperson from the Ministry of Finance said in a text message.

Manufacturers have been urging the government to refrain from adding to their tax burdens this year after the US threatened a 24% tariff on the Southeast Asian country. The sector, a major contributor to the nation’s tax revenue, is under severe cost pressure, Soh Thian Lai, ...