KUALA LUMPUR, July 5 (Bernama) -- Budget 2012, to be tabled in parliament on
Oct 7, may see significant changes in corporate tax, says Minister in the Prime
Minister''s Department Datuk Seri Idris Jala.
"I don''t want to steal the thunder from the Prime Minister (Datuk Seri Najib
Tun Razak), but we may see some initiatives related to corporate taxation to be
announced on budget day," said Idris, who is also Performance Management and
Delivery Unit (Pemandu) chief executive officer.
Prime Minister Datuk Seri Najib Tun Razak, who is also Finance Minister, will
table the budget.
Companies are paying 25 per cent corporate tax currently.
The budget may also contain a review of pioneer status incentives and various
tax deductions, he told reporters at the ETP update seven today.
Deputy Prime Minister Tan Sri Muhyiddin Yassin unveiled six strategic reform
initiatives at the event.
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HAN TOM