MELAKA: The government does not intend to introduce new taxation instruments but rather aims to implement a more equitable targeted subsidy system that meets the needs of the people, Prime Minister Datuk Seri Anwar Ibrahim said.
He said the recent announcement regarding targeted diesel subsidy exempts low-income groups such as fishermen, smallholders and taxi drivers from these taxes.
“I do not wish to introduce new taxation instruments that burden the people. The issue with (current) diesel subsidy is the significant leakage, costing billions of ringgit... the wealthy and large industries still benefit from these subsidies.
“The implementation of targeted subsidies will (only) affect the wealthy, large industries and foreign nationals. Fishermen, smallholders, Grab and taxi drivers will all be exempt (from being taxed)... potentially exempting nearly a million citizens from the diesel tax,” he said.
SPONSORED CONTENT Electrifying windows of opportunity in Sabah - The right policies, collaborations, and strategies can turn emerging opportunities into victories for all parties in Sabah. CHIEF Minister Datuk Seri Panglima Hajiji Noor’s 2021 Hala Tuju Sabah Maju Jaya Plan and the Sabah Economic Development and Investment Authority (SEDIA) have laid out a road map to an exciting future for all Sabahans, with a target of increasing Sabah’s income levels and GDP per capita from about RM 23,000 to about RM 40,000 by 2030. Read more The prime minister said this in his speech at the MADANI Convention here today, Also present was Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.
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