On 10 October 2014, Malaysia's Prime Minister Najib Razak presented Budget 2015. Key tax aspects of the budget are summarized as follows: GST The Budget for 2015 includes several goods that will be exempt from the new Goods and Services Tax (GST), which will be implemented in April 2015, including: All types of fruits whether local or imported Breads and certain noodles Coffee powder, tea dust and cocoa powder Essential medicines Books and newspapers RON95 petrol, diesel and LPG In order to assist companies in preparing for GST, the government will provide training grants as well as financial assistance for...