Budget 2027 may bring SST exemptions, income tax relief for middle

BURSA SGX Home Budget 2027 Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Sept 18): Budget 2027 could see further sales and service tax (SST) exemptions to reduce costs embedded in businesses, alongside possible personal income tax relief for middle-income taxpayers, according to CIMB Securities.

CIMB Securities said there is scope for the government to broaden SST exemptions for production-related inputs, as businesses continue to face elevated energy, logistics and other operating costs.

It expects further SST relief to reduce government collections by about RM1 billion, although underlying growth should still lift SST revenue by 5.5% to RM72 billion in 2027.