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The Advantages And Disadvantages Of Taxation In Malaysia

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Taxation, is an involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities.’ Taxation is one avenue of income to the government which shall be used to support nation development or pay for government’s operational expenditure to run the country. (Investopedia, year)

In Malaysia there are several types of taxes such as Personal Income Tax, Corporate Income Tax, Sales and Service Tax, Customs Duty, Local Tax and Goods and Services Tax (GST). While taxes are an involuntary fee, there are many advantages following implementation of taxes. Some of the advantages are funding government’s expenditure, funding for nation’s development, and distribution of wealth among citizens.
Firstly, taxes collected by government can be used to fund government’s expenditures to run the country. The expenditures include paying the salary of government servants to provide services to the citizen. Some of these services are like medical service (doctors, nurses and pharmacies), army, police, fire fighters, judges, as well as educators like teachers and school administration. On top of the salary, the taxes also pay for the operational expenditure of running hospitals, schools, federal roads, government offices etc. including paying for the country’s monarchs and politicians to run the federal governments.

Secondly, the taxes collected are also used to develop the country in areas like building better transportation

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