Are corporate tax rates changing in Budget 2016?

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No Changes Announced for Corporate Tax Rates in Budget 2016

No alterations to corporate tax rates were announced during the tabling of Budget 2016. The budget, presented by Prime Minister Datuk Seri Najib Razak, focused on adjustments to income tax brackets for high earners.
Adjustments to Affluent Income Tax Brackets

The budget introduced new income tax rates for individuals with higher earnings. Those with annual incomes between RM600,000 and RM1 million will now face a 26 per cent tax rate. Individuals earning over RM1 million annually will be taxed at 28 per cent. These brackets previously had a uniform tax rate of 25 per cent.
Corporate Tax Structure Overview

Generally, corporate tax rates are levied on the profits of companies, distinct from individual income taxes. These rates can vary significantly by country and are often adjusted as part of broader fiscal policy to encourage investment or generate revenue. In the absence of specific announcements regarding corporate tax changes in Budget 2016, the existing corporate tax framework is understood to remain in effect.
Budget 2016 Fiscal Overview

Beyond the income tax adjustments for high earners, Budget 2016 outlined a total expenditure of RM267.2 billion. This represents an increase of RM2.5 billion compared to the RM260.7 billion allocated in the preceding year. The budget's fiscal details did not include any modifications to the established corporate taxation structure.

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Are corporate tax rates changing in Budget 2016?

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