Such a tax would require levying profits that exceed a certain threshold, said Tengku Zafrul in a written parliamentary reply on Wednesday. It would be difficult for the government to determine a uniform market price for consumer goods or locally manufactured products given the varied types, standards, specifications and grades, he said (File pic shows Tengku Zafrul in the Parliament.)
KUALA LUMPUR: Malaysia for the time being does not intend to impose a windfall profit levy on glove makers or other businesses whose profits grew manifold during the global health crisis, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Such a tax would require levying profits that exceed a certain threshold, said Tengku Zafrul in a written parliamentary reply on Wednesday. It would be difficult for the government to determine a uniform market price for consumer goods or locally manufactured products given the varied types, standards, specifications and grades, he said.
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