Less than two of every ten Malaysians are taxpayers, while Covid-19 has savaged corporate taxes.

With a tax-collection shortfall that's been exacerbated by record-low oil prices in an energy-exporting nation, the government has a looming policy and fiscal time bomb on its hands.

Veerinderjeet Singh, Chairman, Tricor Malaysia and President, Malaysian Institute of Certified Public Accountants, explores these and other related issues.