[Changes of Corporate Tax in Malaysia Budget 2020]

Malaysia Budget 2020 has made several changes to corporate tax. The Malaysian government has proposed a range of tax enhancements to boost the growth of SMEs. The capital allowances for small value assets and the threshold of the first chargeable income have increased. Next, the sponsorship or arts, cultural and heritage activities in Malaysia will enjoy a tax deduction with limit.

Click the link below to get further information about the changes made in corporate tax in Malaysia Budget 2020:

https://www.3ecpa.com.my/taxation-and-gst/changes-to-corporate-tax-in-malaysia-budget-2020/

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