With effect from YA 2010, the employment income of a resident individual who is a knowledge worker in Iskandar Malaysia, employed in qualifying activities, is taxed at 15%.

Whether Director’s fees would be given the tax rate of 15% flat, for all Malaysia tax resident company directors, too in the coming Budget 2013 and also, will individual tax rates be reduced by 2 – 3%?

Further, will corporate tax rate be reduced by 1 – 2% in the abovementioned Budget?

Wait and see the Malaysia Budget 2013 which will be tabled on 28 September, 2012.