KUALA LUMPUR: The Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) has requested the government to look into the Malaysian corporate tax rate in Budget 2017, saying the rate is not regionally competitive.
“We suggest a corporate tax reduction, as well as establishing a tax structure roadmap, so that foreign direct investments would be encouraging,” its President Datuk Ter Leong Yap told reporters at a press conference on the chamber’s 112th anniversary dinner here today.
He said the chamber also lauds the Malaysia Brand efforts by the Malaysia External Trade Development Corporation to promote our brands overseas, and urges the government to continue fortifying the Malaysia Brand internationally.
