Putrajaya creates new income tax category for super-rich at 30 pct rate

Putrajaya creates new income tax category for super-rich at 30 pct rate

Malaysiakini - News·2019-10-12 05:00

The government will introduce a new income tier for those with a taxable income of more than RM2 million per annum.

Finance Minister Lim Guan Eng said the new income tax tier, announced under Budget 2020, will take effect for the next assessment year.

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