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Institute sees no tax cuts for individuals and corporates in Budget 2024

KUALA LUMPUR (Oct 8): Chartered Tax Institute of Malaysia (CTIM) does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax (LGT) and the mechanism for capital gains tax in the upcoming Budget 2024. President Chow Chee Yen said the tax rate for individuals is

Budget 2024: Tax institute sees no tax cuts for individuals, corporates

Budget 2024 unlikely to offer tax cuts, says group | The Malaysian Insight

Chartered Tax Institute of Malaysia predicts introduction of luxury goods levy.

No Tax Cuts Expected in Malaysia s Budget 2024, Focus on Luxury Goods and MSMEs

No Tax Cuts Expected in Malaysia s Budget 2024, Focus on Luxury Goods and MSMEs
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Budget likely to maintain proposed tax cut for M40, rise for T20

PETALING JAYA: The Chartered Tax Institute of Malaysia (CTIM) does not anticipate any new tax to be introduced in the upcoming Budget 2023, but expects the government to maintain the two-percentage point (ppt) income tax cut for the middle-income group (M40) and 0.5-ppt tax rise for the high-income earners (T20) proposed in the previous budget.

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