Wednesday, April 13, 2011

Malaysia Promotes Preferential 15% Flat Tax

On April 12, 2011, Prime Minister Datuk Seri Najib Tun Razak announced that Malaysia would encourage Malaysian professionals working abroad to return home by making them eligible for a 15% flat-rate income tax for five years, competitive with Hong Kong and below the maximum 26% rate under current law.

Once in place, the government will likely face pressure to extend the 15% flat rate to Malaysian professionals working at home, and then to all Malaysians.
(Here’s hoping!)

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