| LATEST NEWS | 11-year-old boy dies from head injuries believed to have been caused by homemade ‘Ginsok’ firearm in Sook on Saturday - Keningau police chief | Police seize 42 air rifles, 456 boxes of pellets and arrest 50-year-old man in Sook raid - Keningau police chief | Haze: Johor to hold solat hajat (special prayers) at all mosques and surau from today until conditions improve - Exco | Haze: Schools under PPD of Hulu Langat, Petaling Perdana, Kuala Langat, Sepang, Kuantan and Rompin also to close tomorrow - Fadhlina | Haze: Schools in Johor, Melaka, Negeri Sembilan and Putrajaya to close tomorrow - Fadhlina | |
KUALA LUMPUR, Oct 12 (Bernama) -- Tax incentives for Malaysian shipping companies are proposed to be reviewed to contribute to the growth of Malaysian shipping fleet and reduce dependence on foreign vessels as well as enhance the inflow of ship freight revenue into Malaysia in the long term.
KUALA LUMPUR, Oct 12 (Bernama) -- The income tax rate for micro, small and medium enterprises (MSMEs) is proposed to be revised, including a one percentage point reduction for the two lowest taxable income bands, effective from the 2027 assessment year.
KUALA LUMPUR, Oct 12 (Bernama) -- The government proposes expanding the scope of individual income tax relief for lifestyle to include pet care expenses, such as vaccinations and sterilisation treatments by registered veterinary services.
PUTRAJAYA, 12 Okt (Bernama) -- A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said.
KUALA LUMPUR, Oct 11 (Bernama) – Budget 2027’s personal income tax relief measures could provide annual tax savings of up to RM1,600 for approximately five million taxpayers, supporting middle-income consumption, said CIMB Securities Sdn Bhd.
KUALA LUMPUR, Oct 11 (Bernama) -- Budget 2027’s personal tax relief measures are expected to provide additional financial breathing room for middle-income earners (M40), while targeted incentives for businesses and investors could support investment growth, according to PwC Malaysia.
KUALA LUMPUR, Oct 11 (Bernama) -- Budget 2027’s extension of the income tax exemption and fixed stamp duty rates on ship financing is expected to ease financing constraints for Malaysian shipowners facing stringent collateral requirements and mismatches between loan tenures and ships’ useful lives.
KUALA LUMPUR, Oct 10 (Bernama) -- Budget 2027’s tax measures provide greater support to lower- and middle-income earners, according to the Malaysian Institute of Accountants (MIA).
By Niam Seet Wei
KUALA LUMPUR, Oct 10 (Bernama) -- The increase in individual tax relief, coupled with the one-percentage-point reduction in income tax rates for the middle-income group (M40) proposed in Budget 2027, could provide additional disposable income of up to RM1,600 for roughly five million taxpayers, says KPMG Malaysia.
By Nor Baizura Basri
KUALA LUMPUR, Oct 9 (Bernama) -- The 2027 Budget provides a fair and equitable share for citizens from all strata of life, despite the government navigating a tough global landscape, as it is fully cognizant of the challenges ordinary people face in their everyday lives.
KUALA LUMPUR, Oct 9 (Bernama) -- The Small and Medium Enterprises Association of Malaysia (SAMENTA) welcomes the one per cent corporate income tax reduction for micro, small and medium enterprises (MSMEs) under Budget 2027, which is expected to provide up to RM6,000 in tax savings to over 300,000 SMEs.
KUALA LUMPUR, Oct 9 (Bernama) -- The increase in total loan facilities and financing guarantees to RM57 billion in 2027 will strengthen businesses’ access to financing and support their investment needs, said the Federation of Malaysian Manufacturing (FMM).
