The More the Money, the More the Taxes

By Our Economist

January 2018 UTTER ECONOMICS
main image
Advertisement
Penang Monthly charts the sources of federal government revenue.Over the last 45 years, government revenue has registered impressive annual growth rates: in 1970 it hit RM2.4bil; by 2015, it had exceeded RM219bil.In Malaysia, the sources of government revenue are classified into three broad categories: tax revenue, non-tax revenue and non-revenue receipts.Tax revenues are made of direct and indirect tax. Direct tax is levied and paid by the person on whom it is levied. Collection of direct tax falls under the...

Subscribe to our e-archive to read our older articles.

Subscribe Now
PM
Our Economist

Previous Article Back to Issue Next Article
Advertisement

Trending Now

Anecdotal Accounts of Chinese Women Migrants to Southeast Asia

The Japanese Conquest of Penang: Part One

A Red-light District Worthy of a Vibrant Port

The British-Siamese Boundary Stone: A Momentous Relic in Seberang Perai

A Brief History of 123 Macalister

Subscribe today to access over 2,000 articles in our e-Archive for RM150 a year, and get the 2nd year free.
Support Us

As Penang Monthly continues to evolve, we aim to deliver better quality reads. At present, our three current issues are free for public access. But we need your financial support as we endeavour to be the voice of Penang and an inspiring read for the curious Malaysian.

Every RM100 contribution from individuals (or RM1,000 for corporations) will be entitled to tax exemption receipt.
`