Malaysia legislation
Section 15
Section 15
Amendment of Schedule 1
(a)
by substituting for the rates appearing in paragraph 1 of
Part I the following new rates:
“
Chargeable Income
Rate of Income Tax
For every ringgit of the first
RM2,500 … … …
5 per cent
For every ringgit of the next
RM2,500 … … …
8 per cent
For every ringgit of the next
RM5,000 … … …
12 per cent
For every ringgit of the next
RM10,000 … … …
15 per cent
For every ringgit of the next
RM15,000 … … …
20 per cent
For every ringgit of the next
RM15,000 … … …
25 per cent
For every ringgit of the next
RM20,000 … … …
30 per cent
For every ringgit of the next
RM30,000 … … …
35 per cent
For every ringgit exceeding
RM100,000 … … …
40 per cent”; and
(b)
by inserting immediately after the words “other payments”
in paragraph (iii) of Part V the words “, not being payments of film rentals.”.
Amendment of Schedule 2