1.Introduction
The Honourable, The Prime Minister and Minister of Finance, YAB Dato' Sri Mohd. Najib Tun Abdul Razak, presented the 2012 Budget proposals on 7 October 2011.
Details of how the proposed tax changes affect the individuals and businesses are summarised in the following sections.
It is intended to provide a general guide and hence should not be acted upon without seeking professional advice on any specific areas and matters.
2.The 2012 Budget Focus
The 2012 Budget focus on five main areas:-
A) Accelerating Investment
B) Generating Human Capital Excellence, Creativity and Innovation
C) Rural Transformation Programme
D) Strengthening The Civil Service
E) Easing Inflation and Enhancing The Well-Being of The Rakyat
