Federal govt revenue expected to rise 4.7pc to RM380.8b in 2027, says MOF

Federal government revenue is forecasted to increase by 4.7% to RM380.8 billion in 2027, driven by economic growth and tax revenue rises.

Direct tax revenue in 2027 is predicted to grow by 4.6% to RM199.9 billion, with corporate income tax as the largest component.

Indirect tax collection is expected to increase by 8.3% to RM97.2 billion, supported by consumption activities and major upcoming events.

KUALA LUMPUR, Oct 9 — Federal government revenue is estimated to rise 4.7 per cent to RM380.8 billion in 2027, assuming resilient, albeit moderating economic growth, the Finance Ministry (MoF) said.

The higher estimate, mainly from tax revenue, is projected to grow 5.8 per cent to RM297.1 billion, or 78 per cent of total revenue, or 12.8 per cent of gross domestic product (GDP), MoF said.

“Meanwhile, non-tax revenue is anticipated to grow marginally by 1.1 per cent to RM83.7 billion, or 3.6 per cent of GDP,” the MoF said in its Fiscal Outlook and Federal Government Revenue Estimates 2027 released today.

Assuming average global crude oil prices remain stable in 2027, MoF said petroleum-related revenue is expected to reach RM61.2 billion, or 16.1 per cent of total revenue, due to a higher RM32 billion dividend from Petroliam Nasional Bhd (Petronas).

“Non-petroleum revenue is estimated to increase 3.5 per cent to RM319.6 billion,” it said.

For 2026, MoF said petroleum-related revenue is estimated to drop to 15.1 per cent of total revenue, or 2.5 per cent of GDP, due to a lower Petronas dividend of RM27 billion (2025: RM32 billion), despite a higher average global crude oil price projection of US$85 per barrel.

“Consequently, non-petroleum revenue is projected to grow to RM308.7 billion, bolstered by stronger tax collections, mirroring the continued positive impact of ongoing revenue reform measures,” it said.

On federal government revenue in 2026, MoF said it is projected to rise by six per cent to RM363.6 billion, an 8.2 per cent increase from 2025, driven by better-than-expected economic performance and higher average global crude oil prices.

MoF said tax revenue at RM280.7 billion remains the largest contributor to overall revenue collection at 77.2 per cent, equivalent to 12.8 per cent of GDP in 2026.

“Meanwhile, the non-tax revenue is expected at RM82.9 billion, representing 22.8 per cent of total revenue,” it said.

MoF said direct tax is forecast to rise by 4.6 per cent to RM199.9 billion, or 67.3 per cent of total tax revenue in 2027, on the back of improved income tax collection.

This is supported by encouraging registration of taxpayers resulting from the phased rollout of e-Invoice.

The largest component of direct tax, corporate income tax (CITA), constitutes 53.3 per cent of total direct tax. It is expected to grow by 4.8 per cent to RM106.6 billion.

“Likewise, the individual income tax is estimated to increase by 6.2 per cent to RM51.8 billion, in anticipation of continuous wage growth and a low unemployment rate,” it said.

Furthermore, MoF said greater enforcement and taxpayer audits before e-Invoice implementation will contribute positively to higher collection.

The other direct tax component, namely stamp duty, is expected to rise by 5.6 per cent to RM12.4 billion in tandem with the gradual transition to the Stamp Duty Self-Assessment System (STSDS), particularly for property transfer instruments effective Jan 1, 2027.

Moreover, this digitalisation shift, accompanied by better enforcement, is expected to enhance tax compliance.

The petroleum income tax (PITA) is expected to remain stable at RM20.5 billion.

MoF said indirect tax collection is estimated to grow further by 8.3 per cent to RM97.2 billion in 2027, driven by steady business and consumption activities.

The RM73.3 billion sales and service tax (SST), at 3.2 per cent of GDP, is the main contributor to indirect tax collection. Of this total, sales tax and service tax are forecast to be higher at RM30.9 billion and RM42.4 billion, respectively.

“The higher SST estimates by 9.5 per cent are in tandem with sustained performance of private consumption, in anticipation of major events to be held in 2027, including the Visit Malaysia 2026-2027 as well as the 34th SEA Games to be hosted here,” it said.

Similarly, excise duty collection is expected to steady at RM11.8 billion, due to duty exemption extended on locally assembled electric vehicles until end-2027.

Meanwhile, non-tax revenue is projected to rise marginally by 1.1 per cent to RM83.7 billion, from investment income and non-revenue receipts.

Investment income will be largely supported by higher contributions from Petronas (RM32 billion), Bank Negara Malaysia (RM7 billion) and Khazanah Nasional Bhd (RM3 billion), it said.

Furthermore, the government also anticipates a sustained RM6 billion contribution from Retirement Fund (Incorporated) (KWAP) to partly finance retirement charges.

MoF also said licences and permits are projected to rise to RM17.2 billion, driven by higher petroleum royalties of RM6.7 billion. Receipts from motor vehicle licences and levy on foreign workers are expected to reach RM3.3 billion and RM3.7 billion, respectively. — Bernama

Finance ministry: Malaysia’s fiscal deficit to narrow to 3.3 pc in 2027

Nhaveen murder trial: High Court sets Oct 14 for defence closing submissions after nine‑year wait

Putrajaya urges parents, childcare operators to discuss contingencies before haze closures hit

Budget 2027 estimated at RM459.8b, up 3.6pc year-on-year, says MOF

受经济增长和税收增加的推动，预计到 2027 年，联邦政府收入将增长 4.7%，达到 3808 亿令吉。

预计到 2027 年，直接税收收入将增长 4.6%，达到 1999 亿令吉，其中企业所得税是最大组成部分。

受消费活动和即将举行的重大事件的推动，预计间接税收将增长 8.3%，达到 972 亿令吉。

吉隆坡，10月9日讯——财政部表示，假设经济增长保持韧性但有所放缓，预计到2027年联邦政府收入将增长4.7%，达到3808亿令吉。

财政部表示，较高的估算值主要来自税收收入，预计将增长 5.8%，达到 2971 亿令吉，占总收入的 78%，或占国内生产总值 (GDP) 的 12.8%。

财政部在今天发布的《2027年财政展望和联邦政府收入预测》中表示：“与此同时，预计非税收入将小幅增长1.1%，达到837亿令吉，占国内生产总值的3.6%。”

财政部表示，假设2027年全球原油平均价格保持稳定，由于马来西亚国家石油公司（Petronas）派发了320亿令吉的股息，预计石油相关收入将达到612亿令吉，占总收入的16.1%。

“预计非石油收入将增长3.5%，达到3196亿令吉，”报告称。

财政部表示，由于马来西亚国家石油公司（Petronas）的股息减少至 270 亿令吉（2025 年：320 亿令吉），尽管全球原油平均价格预计上涨至每桶 85 美元，但 2026 年石油相关收入预计将下降至总收入的 15.1%，或 GDP 的 2.5%。

“因此，在税收增加的推动下，非石油收入预计将增长至 3087 亿令吉，这反映了正在进行的税收改革措施的持续积极影响，”报告称。

财政部表示，预计2026年联邦政府收入将增长6%，达到3636亿令吉，比2025年增长8.2%，主要得益于好于预期的经济表现和全球原油平均价格上涨。

财政部表示，税收收入为 2807 亿令吉，仍然是整体收入的最大贡献者，占 77.2%，相当于 2026 年国内生产总值的 12.8%。

“与此同时，非税收入预计为 829 亿令吉，占总收入的 22.8%。”报告称。

财政部表示，由于所得税征收情况改善，预计到 2027 年，直接税将增长 4.6%，达到 1999 亿令吉，占总税收收入的 67.3%。

通过分阶段推广电子发票，鼓励纳税人进行注册，这为上述目标提供了支持。

企业所得税（CITA）是直接税中占比最大的部分，占直接税总额的53.3%。预计将增长4.8%，达到1066亿令吉。

“同样，由于预期工资持续增长和失业率较低，个人所得税预计将增长 6.2%，达到 518 亿令吉，”报告称。

此外，财政部表示，在实施电子发票之前加强执法和纳税人审计将有助于提高税收征管率。

另一项直接税项，即印花税，预计将上涨 5.6%，达到 124 亿令吉，这与印花税自我评估制度 (STSDS) 的逐步过渡同步进行，特别是对于 2027 年 1 月 1 日起生效的房地产转让文书。

此外，数字化转型，加上执法力度的加强，有望提高税收遵从度。

预计石油所得税（PITA）将保持稳定，为205亿令吉。

财政部表示，受稳定的商业和消费活动的推动，预计到 2027 年，间接税收将进一步增长 8.3%，达到 972 亿令吉。

销售及服务税（SST）总额达733亿令吉，占国内生产总值（GDP）的3.2%，是间接税收的主要来源。其中，预计销售税和服务税将分别增至309亿令吉和424亿令吉。

报告称：“SST 预计上涨 9.5%，这与私人消费的持续增长相一致，因为人们预期 2027 年将举办重大活动，包括 2026-2027 年马来西亚旅游年以及将在此举办的第 34 届东南亚运动会。”

同样，由于本地组装电动汽车的免税期延长至 2027 年底，预计消费税收入将稳定在 118 亿令吉。

与此同时，非税收入预计将小幅增长 1.1%，达到 837 亿令吉，主要来自投资收益和非税收收入。

报告称，投资收益将主要得益于马来西亚国家石油公司（Petronas，320亿令吉）、马来西亚国家银行（Bank Negara Malaysia，70亿令吉）和国库控股公司（Khazanah Nasional Bhd，30亿令吉）的更多注资。

此外，政府还预计退休基金（KWAP）将持续提供 60 亿令吉的资金，以部分支付退休费用。

财政部还表示，受石油特许权使用费增加67亿令吉的推动，预计许可证和执照收入将增至172亿令吉。机动车牌照费和外籍劳工税收入预计分别达到33亿令吉和37亿令吉。——马新社

财政部：马来西亚财政赤字将在2027年收窄至3.3%

纳维恩谋杀案审判：高等法院将辩方结案陈词日期定为10月14日，此前已等待了九年

布城敦促家长和托儿机构经营者在雾霾导致托儿所关闭之前讨论应急预案。

财政部表示，2027年财政预算案预计为4598亿令吉，同比增长3.6%。