BFM 89.9
The Business Station
BFM 89.9
The Business Station
Tax Compliance Policy Lessons from Malaysia's Peers
Tax Compliance Policy Lessons from Malaysia's Peers
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41 mins
30 mins
Guest: Harvindar Singh, Managing Partner, Harvey & Associates
When it comes to tax compliance, what works better: engagement or enforcement? With Malaysia's "shadow economy" estimated at 30% of GDP, the debate over using the carrot or the stick is more critical than ever for the nation's fiscal health.
Tax expert Harvindar Singh joins us to dissect the state of tax compliance in Malaysia. He discusses the effectiveness of the self-assessment system, the role of technology like e-invoicing in raising the "detection risk," and the lessons we can learn from other countries in building a culture of trust between taxpayers and the authorities.
We discuss:
The state of tax compliance in Malaysia vs. regional peers like Singapore.
The debate: balancing enforcement ("the stick") and engagement ("the carrot").
The crucial role of technology and e-invoicing in improving compliance.
Why simplifying the tax system is essential for building a compliance culture.
How to bridge the "trust deficit" between taxpayers and the IRB.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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