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

|Approved Changes|Malaysia
Malaysia

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 …

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