Malaysia 2017 budget tax proposals | KPMG | GLOBAL
Share with your friends

Malaysia: Tax proposals in 2017 budget

Tax provisions in 2017 budget in Malaysia

The prime minister on 21 October 2016 tabled the 2017 budget. There are tax proposals in the 2017 budget including measures for:


Related content

  • A reduction in the corporate income tax rate based on an increase in chargeable income
  • A reduction in the corporate income tax rate for small and medium enterprises (SMEs)
  • An expansion of Halal products eligible for tax incentives
  • An increase in the tax deduction for sponsoring arts, cultural, and heritage activities
  • An extension of certain tax incentives (Islamic banking, Takaful businesses, hotels, vendor development programs)
  • An extension and expansion of the scope of the double deduction for the structured internship program
  • An increase in the stamp tax on real property
  • Individual (personal) tax relief including tax relief on fees paid for childcare
  • Review of the goods and services tax (GST) treatment in free zones and warehousing, and GST relief for disabled persons


Read a budget shapshot [PDF 1.22 MB] and an October 2016 report [PDF 3.5 MB] of the 2017 budget highlights prepared by the KPMG member firm in Malaysia

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal