Beginning from year of assessment 2010, under the proposed legislation, the top personal tax rate has reduced by 1% (i.e. from 27% in YA 2009 to 26% effective from YA 2010). This means that, in respect of chargeable income above RM100,000, for every RM1,000 a person earns, he will be paying RM10 less in taxes.
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MALAYSIA TAX BUDGET 2010: TOP PERSONAL TAX RATE REDUCED BY 1% |
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
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