Cukai Makmur is one-off corporate tax

The government today stressed that the Cukai Makmur announced in Budget 2022 will be a one-off corporate tax on companies that make more than RM100 million in profit for the year of assessment 2022.

National Budget Office director Johan Mahmood Merican said the government is committed to ensuring that the utilisation of Cukai Makmur was transparently disclosed given that it is intended as a one-off tax to help support some...