TAXPAYERS can expect a reduction of between one and three percentage points in personal income tax rate for the 2015 assessment once the Goods and Services Tax (GST) is introduced on April 1 next year.
The highest taxable income band will be raised from RM100,000 to RM400,000 for the 2015 year of assessment with the maximum income rate of 26% cut to 24%, 24.5% and 25%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
