Malaysia budget in 2017

Malaysia budget in 2017 is expected to set aside 261 billion ringgit overhead, than last year's 256 billion ringgit, more than 2%. Among them, about 82%, or 215 billion ringgit will serve as administrative overhead, and the rest of the 47 billion ringgit, will be a net development costs. Budget focus on stimulating domestic demand and reduce 40% income populations in low-income groups (B40) and 40% (M40) under the high cost of living. The budget measures can promote economic growth, but on the stock market and listed companies, will not have the too big incentive.

 Malaysia's 2017 budget will cut the enterprise income tax in order to improve enterprise income.

Under the proposal, earning more than last year more than 5% of the enterprise, the amount of taxable income increment of parts can be based on the corporate income tax rate of 24% in Malaysia to reduce 1% tax. This discount rose 4%, the corresponding income increased by 20% or more. The tax cuts will take effect in 2017 and 2018. In addition, the government announced in the 2017 budget for the small business enterprise income tax rate decreased by 1% to 18%,at the same time the 2017 budget also enlarged the scope of preferential tax policy in the field of some, including the newly established four-star and five-star hotel investment. I think the budget policy can promote the economic growth of Malaysia.