Malaysia News 1/2016

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Malaysia’s Budget 2016 - Tax Highlights The Prime Minister and Minister of Finance, YAB Dato’ Seri Mohd. Najib Tun Razak handed down his Budget 2016 on October 23. The Budget 2016 aims at enhancing the competitiveness of Malaysia’s economy by increasing productivity, innovation and green technology. Besides, some measures are implemented in order to empower human capital, and to ease the cost of living of the Rakyat.The following measures are most noteworthy from an international tax perspective: