Budget 2015 - Highlights

Tax rates reduced

Personal income tax.

Personal income tax rates reduced by between 1% to 3%
Chargeable income subject to maximum rate increased from exceeding RM100,000.00 to exceeding RM400,000.00
Maximum tax rate reduced from 26% to 24%, 24.5% and 25%

Tax payers with income of RM4,000.00 or less will not be liable for income tax from year of assessment 2015.

Corporate tax.

Secretarial and tax filing fees allowed as tax deductions
Tax rate reduced by 1% from 25% to 24%
Tax rate for small and medium sized enterprises reduced to 19% from 20%

Year of assessment 2016.

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"Deltatech's consultants have backgrounds in both accounting as well as in IT. This makes them a valuable asset in terms of implementation of small business systems because their expertise goes beyond just IT. Their work is reliable in the sense that they stay around until the problem is completely resolved (unlike many other service providers who give hit-and-run solutions). I highly recommend Deltatech when it comes to implementing small business solutions."

- Alan Soh
Director
Medical Environment Sdn Bhd