KUCHING: Sarawak targets a revenue collection of more than RM11bil by next year, the highest ever.
Sarawak Premier Tan Sri Abang Johari Openg said about 48% or RM5.25bil of the projected tax revenue in 2023 will be derived from taxes, including RM4.2bil from the state sales tax.
The bulk of the sales tax or RM3.2bil will come from crude oil, liquified natural gas (LNG) and petroleum products, RM850mil from crude palm oil (CPO) and crude palm kernel oil, RM60mil from lottery, RM60mil from aluminium products, RM22mil from coal and the remaining RM3mil from tyres.
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