The Malaysian government is considering the establishment of a single tax agency to streamline revenue collection and improve the efficiency of tax administration.

The proposal involves consolidating tax-related functions currently handled by different government agencies, with the aim of creating a more coordinated and efficient revenue collection system.

The move is part of broader efforts to strengthen Malaysia’s tax administration, reduce duplication and improve compliance, according to a report by the New Straits Times.

The proposed agency could also facilitate better coordination and information sharing among tax authorities, potentially making it easier for taxpayers to deal with the government.

However, any move towards a unified tax collection mechanism would require careful consideration of the existing roles and responsibilities of agencies involved in tax administration.

The proposal comes as the government continues to explore reforms to enhance revenue collection and strengthen the country’s fiscal position.