Budget 2016: More relief for middle income group

By DANIAL ALBAKRI

Nation
Friday, 23 Oct 2015
6:51 PM MYT

Prime Minister Datuk Seri Najib Tun Razak tabling Budget 2016 in Parliament today. - Bernama

PETALING JAYA: Changes to income tax rates and various exemptions were announced by Prime Minister Datuk Seri Najib Tun Razak during the presentation of Budget 2016.

Najib, who is also Finance Minister, announced in the Dewan Rakyat on Friday an increase in the tax rate to 26% from 25% for Malaysians who earn between RM600,000 and RM1mil.

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Tags / Keywords: Income tax

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