Individual income tax rates will be reduced by 1 to 3 percentage - TopicsExpress

Individual income tax rates will be reduced by 1 to 3 percentage points - 300,000 individual taxpayers no longer pay income tax. Tax payers with family and income of RM4,000 per month will be exempted from pay income tax. Individual income tax will be restructured whereby maximum rate will be increased from exceeding RM100,000 to exceeding RM400,000. Maximum tax rate at 26% will be reduced to 24%, 24.5% and 25%. (MALAYSIAKINI)

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