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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