No new taxes this year, says Dr Mahathir


Ragananthini Vethasalam

Dr Mahathir Mohamad says corporate tax is already competitive as it is, and the tax rate for small and medium enterprises – with a paid up capital of less than RM2.5 million and an annual taxable income of below RM500,000 – will be reduced to 17% from 18%. – The Malaysian Insight pic by Nazir Sufari, March 19, 2019.

NO new taxes are on the cards for this year except for the sugar tax, said Prime Minister Dr Mahathir Mohamad.

While the sugar tax was announced in Budget 2019, its implementation has been delayed as the government is still firming up an effective mechanism that will allow it to meet its health objectives.


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