Taxes on Goods and Services (As % of Revenue) fell to 28.7% in Malaysia in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Malaysia | December 1, 2019
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Taxes on goods and services as a share of revenue reached 28.7 % in 2017 in Malaysia, according to the National Statistical Office. This is 1.08 % less than in the previous year.

Historically, taxes on goods and services as a share of revenue in Malaysia reached an all time high of 29.0 % in 2016 and an all time low of 14.5 % in 2013. When compared to Malaysia's main peers, taxes on goods and services as a share of revenue in Cambodia amounted to 45.8 %, 19.8 % in Singapore and 43.3 % in Thailand in 2017.

Malaysia has been ranked 73rd within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue, 35 places above the position seen 10 years ago.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cambodia % 39.3% 35.4% 38.0% 42.0% 45.9%
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
Indonesia % 29.3% 32.3% 34.3% 34.1% 37.8%
Laos % 42.3% 40.6% 42.6% 45.7% 45.6%
Malaysia % 15.4% 14.6% 14.5% 14.9% 22.8%
Myanmar % ... ... ... 11.2% 13.5% 12.2% 15.3%
Philippines % 22.7% 23.9% 25.7% 25.3% 25.8%
Singapore % 25.3% 23.7% 23.7% 23.6% 23.2%
Thailand % 39.5% 39.1% 42.3% 41.7% 42.9%
Vietnam % 43.2% 39.2% 40.2% ... ... ... ...