KPMG Tax Services executive director of tax risk management Soh Lian Seng opined that Budget 2018 favours a wide spectrum of society.
“This budget sees the government’s effort in enhancing Malaysia’s economic fundamentals by continuing to promote new growth areas to achieve an advanced and high income nation status by 2020,” he said in a statement.
From a tax perspective, he said the government continues to make the effort to create the necessary impacts to encourage economic growth.
“Whilst avoiding several broad based incentives, the Government has extended tax incentives in the following specific areas – tax incentives for automation, extension of tax incentive for principal hub, extension of tax incentive for 4 and 5 star hotels and extension for tour operating companies.”
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