30.08.2023

Budget 2024 Initiatives: Dialogue Session with Foreign Chambers

EUROCHAM Malaysia was invited to attend The Budget 2024 Initiatives: Dialogue Session with Foreign Chambers. The dialogue session was chaired by YB Mulia Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), and accompanied by esteemed personalities including YBhg. Datuk Seri Isham Ishak, YBhg. Datuk Hanafi Sakri, YBhg. Datuk Bahria Mohd Tamil, and Mr. Hairil Yahri Yaacob, it's clear that innovation and collaboration are at the heart of these discussions.

With the October Budget 2024 announcement around the corner, various chambers have submitted their forward-looking proposals to MITI, paving the way for robust reviews and impactful changes. Foreign chambers had the spotlight as they passionately elaborated and presented their proposals, fostering a comprehensive understanding for MITI.

📢 Key Proposals:

- Introduction of a groundbreaking Corporate Income Tax Flatrate in Malaysia

- ESG (Environmental, Social, and Governance) Intervention Fund to empower Malaysian SMEs

During the dialogue session, there was an additional announcement on the upcoming launch of the New Industrial Master Plan 2030 on Friday, 1st September 2023. Get ready to witness the blueprint that will shape Malaysia's industrial landscape.

#MITI #Budget2024 #InnovationInAction #IndustrialMasterPlan2030 #EUROCHAMMalaysia30 #EUMYstrongertogether #eurochammy

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EUROCHAM Malaysia has been established since 1993 as chamber of chambers by several European Union chambers of commerce. We aim at being the united voice of the EU business community in Malaysia - bolstering business alliances for a prosperous EU-Malaysia partnership.
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