Write For Us

Govt expects to collect RM3 billion from prosperity tax

E-Commerce Solutions SEO Solutions Marketing Solutions
59 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
The one-off prosperity tax announced in Budget 2022 is estimated to bring in at least RM3 billion in revenue for the government, said Finance Deputy Minister II Yamani Hafez Musa.

Under Budget 2022, big companies with paid-up capital of RM2.5 million or more will have the corporate tax on taxable income for the first RM100 million maintained at 24 percent.

However, any taxable income after RM100 million will be subjected to the one-off 33 percent prosperity tax.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
Sign in or sign up to post comments.
Be the first to comment