KUALA LUMPUR: The government plans to collect an additional RM100mil from the higher income tax rate for those earning above RM2mil per year, said Finance Minister Lim Guan Eng.
The government has introduced a new tax rate for those earning above RM2mil at 30%, up from the current 28% rate.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!