On 21 October 2016, Malaysian Prime Minister Najib Razak presented the 2017 Budget. The main tax-related measures include:
- An increase in the stamp duty rate from 3% to 4% on real estate transfers of MYR 1 million or more from 1 January 2018;
- The introduction of a special scheme for the 2017and 2018 years of assessment that provides for a reduction of the standard income tax rate for the year-on-year increase in chargeable income as follows:
- 1% reduction for an increase in chargeable income …