The upcoming 2025 Budget will introduce five new taxes aimed at promoting healthier lifestyles, sustainable living, and addressing wealth inequality. These taxes include the unhealthy food tax, carbon pricing tax, inheritance tax, high-value goods tax (HVGT), and an AI tax.
Malaysia’s 2025 Budget: Unhealthy Food, Carbon, and AI Taxes Announced
The unhealthy food tax targets foods high in fat and sugar to combat obesity, while the carbon tax supports climate goals. The inheritance and HVGT taxes aim to reduce wealth concentration, and the AI tax encourages technological innovation.
These measures are designed to foster economic growth, reduce disparities, and promote sustainability in Malaysia.
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