15 Sep 2007 | Comments | investment | Comments feed

Dividends will be tax-free

Executive director of Ernst & Young Tax Consultants Sdn. Bhd., Yeo Eng Ping wrote a great article about the new budget 2008 promoting conducive investment climate. Several points explained include:

1. Corporate tax cut - tax rate will be further reduced to 25% in the year of assessment (YA)2009
2. Single-tier income tax system - Malaysian companies are no longer required to deduct tax on dividends paid to shareholders.
3. Economic development regions - Prime Minister announced the upcoming launches of the East Coast Economic Region, the Sabah Corridor and the Sarawak Corridor.

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