The Prime Minister of Malaysia tabled the 2015 budget on 10 October 2014. Among the tax-related items included in the 2015 budget are measures that would:
| • | Reduce the corporate tax rate to 24 percent |
| • | Reduce the tax rate for an LLP resident in Malaysia |
| • | Expand the list of goods and services not subject to (i.e., exempt from) goods and services tax (GST) |
| • | Provide an incentive in the form of enhanced capital allowances for automation undertaken in the manufacturing sector |
| • | Provide certain individual income tax relief measures. |
