ASIA REGULATORY ROUND UP – MALAYSIA GOVERNMENT RELEASES 2017 BUDGET – CORP TAX TO FALL
November 1st, 2016
THE MALAYSIAN government has released its 2017 budget with a pledge to reduce corporation tax by between 1% and 4% for companies with significant increases in taxable income during 2017 and 2018. The budget will also mandate a cut in income tax from 19% to 18% for small-and-medium-sized enterprises (SMEs). The government also announced plans to establish a digital free trade zone for ecommerce companies based in Malaysia. And it has announced that a special commercial investment fund of up to Malaysian Ringgit MYR3 billion (USD681 million) would be established, ...
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