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Malaysia Budget 2022

As expected, the Malaysian government announced an expansionary budget for 2022 to boost growth and drive post-pandemic recovery. A myriad of measures supporting the lower-income group and small businesses were rolled out but one of the highlights of the budget was undoubtedly the imposition of a one-off tax known as Cukai Makmur or “Prosperity Tax”. In this investment note, we examine the potential investment implications for Malaysian financial markets from the measures proposed in Budget 2022.

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