THE 2004 Budget is a timely move designed to halt a faltering economy after the stimulus package announced in May. The budget has certainly added more strength to those initiatives.
Raising the threshold of chargeable income for small and medium-scale enterprises (SMEs) will increase tax savings (see table) and hopefully, these would be reinvested into the business to give Malaysia the desired internal growth. Given their good potential in national development, this is certainly a good move.
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