On 23 October 2015, Malaysia's Prime Minister and Finance Minister Najib Razak presented the Budget for 2016 to parliament. The main tax-related measures concern individual income tax brackets, tax incentives and GST. Individual Income Tax Brackets Two new upper individual income tax brackets and rate will be added: over MYR 600,000 up to MYR 1 million - 26% over MYR 1 million - 28% The current top rate is 25% for income over MYR 400,000. Tax Incentives Companies whose reinvestment incentive period has expired will be allowed a 3-year period for a special reinvestment allowance - The reinvestment incentive is...