OrbitaxOrbitax

Budget for 2013

|Proposed Changes|Malaysia
Malaysia

The Budget for 2013 was presented by the Prime Minister (also the Finance Minister) on 28 September 2012. Key points of the Budget are summarized below:
Direct taxation
(a) Corporate taxation.

-   Foreign company acquisition incentives to be reintroduced and a special tax rate to encourage local service providers to merge into bigger entities.
- &nbs…


Continue Reading