07 January 2016 Malaysia enacts 2016 budget proposals Malaysia enacted its 2016 budget (the Budget) through the Finance Act 2015 (the Act) on December 30, 2015. The key provisions of the Act include: (i) special reinvestment allowance (RA); (ii) year of service income inclusion; (iii) conditional deductibility of accrued interest; and (iv) Goods and Sales Tax (GST). A Tax Alert prepared by Ernst & Young's Asia Pacific Business Group in New York, and attached below, provides additional details. Document ID: 2016-0026 |
