The rate will be reduced from five per cent to three per cent for those earning annual taxable income between RM20,001 and RM35,000. Under the move, it is also estimated that more than 261,000 people will no longer need to pay income tax. However, there was no revision on corporate tax announced in the recent Budget. BN said it will strive to provide the people with access to high-income employment and economic opportunities. • Propel high-technology industries through increased foreign direct investment in targeted sectors in order to increase the number of high-skilled jobs

Source: New Strait Times April 07, 2018 14:03 UTC