1.Introduction
The
Honourable, The Prime Minister and Minister of Finance, YAB Dato' Sri
Mohd. Najib Tun Abdul Razak, presented the 2013 Budget proposals on 28 September 2012.
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 2013 Budget Focus
The 2013 Budget focus on five main areas:-
A) Boosting Investment Activity
B) Strengthening Education and Training
C) Inculcating Innovation, Increasing Productivity
D) Fiscal Consolidation and Enhancing The Public Service Delivery
E) Enhancing The Well-Being of The Rakyat