KUALA LUMPUR: Bursa Malaysia skidded sharply in early morning trade as investors reacted to the government's announcement that there would be a one-off special tax implemented on large companies.
In the tabling of Budget 2022 last Friday, Finance Minister Tengku Zafrul Abdul Aziz said companies would be subject to a "prosperity tax" whereby the first RM100mil in taxable earnings will be charged at 24% while the remainder will be taxed at 33%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
