The Federation of Malaysian Manufacturers’ (FMM) Budget 2027 proposals underscore a vital imperative: shifting Malaysia’s manufacturing sector from low-cost assembly to high-value, tech-driven productivity. By advocating for a tiered SME tax framework, a 3% reinstated GST, a RM1.5 billion Smart Manufacturing Package, and dedicated R&D funding, FMM provides a strategic blueprint to lower operating costs while expanding productive capacity. Reinvesting foreign-worker levies directly into talent upskilling and automation further aligns with the long-term goals of the 13th Malaysia Plan (RMK-13) and the New Industrial Master Plan 2030 (NIMP 2030)—ensuring domestic industries build high-tech resilience, absorb global economic shocks, and remain globally competitive.
FMM Unveils Budget 2027 Requests for Tech and SME Tax
