CLICK TO ENLARGEPETALING JAYA: Blue chip stocks took a hit following the surprise announcement of higher taxes for very profitable companies under Budget 2022 to help the government alleviate its debt burden. Last Friday, the Finance Minister said a one-off special tax, known as Cukai Makmur or “ prosperity tax ”, would be imposed on companies that have a pre-tax profit of above RM100mil....
Profit above that threshold would incur a tax rate of 33% for the year of assessment of 2022. This is ex
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2021-11-02 00:00:00.0