Kamaruddin: I think this year we (target to reduce it) to 3.1 per cent and to 3.0 per cent next year. So, you look at income tax, and of course petroleum income tax, or petrol tax, petrol dividends from Petronas et cetera depend very much on how the oil price is doing. But on corporate tax and income tax, there is so much going in the world about increased transparency. So if the taxpayer knows that there is freedom of sharing information, then you have to ensure that whatever you declare to Customs and income tax purposes is the same. Azlan: Interestingly, I think the way people look at budget in Malaysia depends on which perspective you are looking at.

Source: New Strait Times October 27, 2016 03:02 UTC