Kuala Lampur:Malaysia's tax revenue collection increased by nine percent to RM129.6 billion in the first half of 2026, compared with RM119.1 billion in the same period of 2025.

According to BERNAMA News Agency, Deputy Finance Minister Liew Chin Tong attributed the rise partly to higher corporate income tax and sales and service tax (SST) collection, particularly from sectors such as food and beverage, services, insurance, and logistics.

The government aims to achieve a total tax revenue target of RM343.1 billion for the entire year of 2026. Liew noted that stable macroeconomic growth is expected to continue having a positive effect on tax revenue collection.

Additionally, he highlighted that targeted tax reform measures are contributing to a more effective revenue collection mechanism. These measures are also seen as crucial for building investor confidence, ensuring economic stability, and enhancing the country's competitiveness. Liew made these remarks during a question-and-answer session in the Dewan Rakyat in response to a query from Datuk Seri Hamzah Zainudin (PN-Larut) about this year's tax revenue collection compared to the previous year.