Budget Proposals




Budget Proposals

1 Incentive for trading companies
2 Interest income of Unit Trust be exempted from income tax
3 Exemption of stamp duty on loan refinancing instruments
4 Tax treatment on actuarial surplus of life insurance companies
5 Abolishing of excise duty on selected products
6 Income tax based on current year and self-assesment system
7 Tax treatment on interest in-suspense account
8 Real property gains tax and stamp duty exemptions on mergers of financial institutions
9 "Group Relief" for food production
10 Tax exemption on rental income from the use of Malaysian ships
11 Incentive for domestic tourism
12 Tax treatment on overseas leave passage
13 Tax incentives for the use of sports, culture and arts complexes
14 Tax incentives for car and motorcycle racing
15 Incentive for the repair and maintenance of luxury boats and yacht in Langkawi
16 Increase in duties on cigarettes, tobacco products and alcoholic beverages
17 Increase on tax/duty on gambling activities
18 Road tax for vintage car
19 Windfall profit levy on crude palm oil and crude palm kernel oil

> HOME <



A service brought to you by MIR Communications Sdn Bhd in cooperation with
Kassim Chan Tax Services Sdn Bhd / Deloitte Touche Tohmatsu Tax Services Sdn Bhd and
PricewaterhouseCoopers Tax Services Sdn Bhd.