Malaysia’s taxation model is unsustainable, says Deputy Finance Minister

KUALA LUMPUR: Malaysia’s taxation model isn’t sustainable because its revenue is lower compared to other developed countries, the Dewan Rakyat was told.

Deputy Finance Minister Datuk Seri Ahmad Maslan said that Malaysia’s tax revenue is 11.5 percent to the country’s gross domestic product .

Ahmad also said 38 countries under the Organisation for Economic Cooperation and Development , which is mostly in Europe, had tax revenues of more than 30 percent to its respective GDP.“It will come to a time where we can no longer continue with the taxation model,” said Ahmad during Question Time in Parliament on Thursday .

“Taking into account annual interest rates and huge subsidies, I’m afraid that if we do not look into this model, the country’s debt will increase in future,” added Johari

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