Michaela Merz


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Malaysia – introduction of GST on 1 of April 2015 at the rate of 6%


The Malaysian Prime Minister has announced that GST will be implemented in Malaysia on 1 April 2015 at the rate of 6% in his budget speech. The threshold for mandatory registration will be RM 500,000.

Income Tax rate will be reduced between 1 % to 3 %, effective from assessment year 2015.  Corporate Tax rate will be reduced by 1% from 25% to 24% (SME rate from 20% to 19%) effective from assessment year 2016. Continue reading