The 2016 budget, presented 23 October 2015, includes a broad range of tax incentives for individuals and businesses. For example, the budget proposes a “double deduction” with respect to research and development (R&D) projects undertaken by small and medium size enterprises (SMEs).
The budget also proposes increased tax rates for “high income earners”
Read October 2015 report prepared by the KPMG member firm in Malaysia: Budget 2016
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