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#tax-policy

8 stories tagged

AI Scams Leave Victims With Double Blow: Lost Savings and Tax Bills

Victims of AI-powered investment scams face a compounding crisis: not only do they lose retirement savings to fraudsters, but the IRS treats the stolen withdrawals as taxable income, sometimes triggering additional penalties.

By Khairul Anuar · 10 Aug 2026 · 4 min read

Japan to Slash Food Sales Tax to 1% as Inflation Pressures Mount

Japan will reduce its consumption tax on food to just 1% from April 2025 for two years, marking the first cut since the tax's introduction in 1989. The measure aims to ease cost-of-living pressures.

By Khairul Anuar · 2 Aug 2026 · 4 min read

Marcos Proposes Tax Relief Package for Workers and SMEs Amid Regional Economic Uncertainty

Philippine President Marcos has unveiled a comprehensive tax relief package targeting middle-class workers and small businesses, citing regional economic pressures. The proposal includes income tax exemptions up to ₱350,000 annually and a tax amnesty scheme.

By Khairul Anuar · 28 Jul 2026 · 4 min read

Langkawi Authority Pushes to End Double Taxation Barrier for Island SMEs

Langkawi Development Authority is collaborating with Malaysia's Finance Ministry to address double taxation constraints that hinder local SMEs from competing in wider markets and reducing reliance on tourism.

By Khairul Anuar · 15 Jul 2026 · 4 min read

Anwar Approves 10-Year Tax Exemption Extension for TAR UMT

Prime Minister Datuk Seri Anwar Ibrahim has greenlit a 10-year extension of tax exemption for TAR UMT, recognising the university's contribution to affordable private higher education in Malaysia.

By Khairul Anuar · 8 Jul 2026 · 3 min read

TAR UMT faces financial strain as government slashes tax exemption from decade to three years

The Finance Ministry has drastically reduced a promised tax exemption for Tunku Abdul Rahman University of Management and Technology from 10 years to three, imposing restrictive conditions that could force the institution to raise costs for students from lower-income backgrounds.

By Khairul Anuar · 8 Jul 2026 · 5 min read

Malaysia Extends E-Invoice Voluntary Declaration Programme Until End of 2027 to Ease MSME Compliance Burden

Prime Minister Anwar Ibrahim has unveiled an e-invoice voluntary declaration programme extending until December 2027, designed to reduce compliance pressures on Malaysia's micro, small and medium enterprises while offering penalty-free corrections.

By Khairul Anuar · 7 Jul 2026 · 4 min read

TARC Education Foundation's Tax Exemption Contingent on Meeting Governance Standards, Says Finance Ministry

Malaysia's Finance Ministry has placed conditions on the TARC Education Foundation's tax exemption, granting a three-year interim extension while the institution addresses governance deficiencies.

By Khairul Anuar · 6 Jul 2026 · 3 min read

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