IT IS A GOOD TIME FOR A RISE IN PERSONAL TAX RELIEF BY LONG YEN PING, TAX EXECUTIVE DIRECTOR IN KPMG MALAYSIA

IT IS A GOOD TIME FOR A RISE IN PERSONAL TAX RELIEF

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The Prime Minister has previously hinted that it will be tough to deliver the 2016 Budget. Individual taxpayers who are hoping for a further reduction in personal income tax rates are left disappointed. There is a general expectation of the Rakyat since Goods and Services Tax is at 6%, there should be a corresponding reduction in personal income tax rates. However, there was only a reduction of 1 to 3 percentage points for personal tax rates from 2015....

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