Budget
minimum purchase value for foreigners raised to RM1mil from 500k
RPGT for disposal within first 3yrs at 30%, 4th yr at 20%, 5th year at 15%. no tax from 6th yr onwards
GST exempted on sale and purchase of properties and rental payments
No income tax for persons earning RM4k or less. Max tax bracket raised to RM400k
GST to start 1 April 2015 at 6%
Personal income tax rate reduced by 1-3 percentage pts
Sugar subsidy removed
