Amarjeet Singh, Ernst & Young Tax Consultants Sdn Bhd partner and Malaysia Tax leader

“For businesses, the good news is that the Government has addressed certain concerns with the Sales and Service Tax (SST) regime, by proposing service tax exemptions for specific business-to-business transactions and a sales tax credit system to prevent compounded taxation. The Government will also grant private sector access to facilities, scientific equipment and research data and introduce several incentives to promote SME investment in automation and modernization.”