Malaysia's 2015 Budget Presented Including GST Exemptions and Tax Cuts

On 10 October 2014, Malaysia's Prime Minister Najib Razak presented Budget 2015. Key tax aspects of the budget are summarized as follows:
GST
The Budget for 2015 includes several goods that will be exempt from the new Goods and Services Tax (GST), which will be implemented in April 2015, including:
- All types of fruits whether local or imported
- Breads and certain noodles
- Coffee powder, tea …