What specific tax revenue assumptions is the government making?

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Government Revenue Projections for 2017 Include Optimistic Tax Collection Estimates

The Malaysian government's revenue projections for 2017 are based on assumptions of increased collections across several key tax categories, despite recent trends indicating otherwise. Specifically, the government anticipates a significant rise in Petroleum Income Tax (PITA), Corporate Income Tax (CITA), and Goods and Services Tax (GST) compared to the previous year's collections. These projections are central to the overall revenue target of RM219.7 billion for 2017.
Increased Petroleum Income Tax Collection Expected

For Petroleum Income Tax (PITA), the government forecasts a collection of RM10.6 billion in 2017. This projection is predicated on an assumption of higher oil prices and increased demand. This marks a substantial increase from the estimated RM8.5 billion collected in 2016, which itself was a drop from RM11.6 billion in 2015.
Corporate Income Tax Collections Projected to Rise

The government also projects a notable increase in Corporate Income Tax (CITA) revenue, estimating RM69.2 billion for 2017. This figure represents a rise from the RM63.2 billion collected in 2016, which was a slight decrease from RM63.7 billion in 2015. The projection suggests an expectation of improved corporate profitability or increased tax compliance.
Goods and Services Tax Revenue Anticipated to Grow

In terms of the Goods and Services Tax (GST), the government is projecting an increase in collections from RM38.5 billion in 2016 to RM40 billion in 2017. This anticipated growth occurs despite observations of a declining trend in GST collections in recent quarters, indicating an optimistic outlook for consumption-driven tax revenue.

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What specific tax revenue assumptions is the government making?

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