On 30 December 2015, Malaysia published Finance Act 2015, which received Royal Assent on 29 December and includes the measures in the Budget for 2016. The main tax-related measures concern individual income tax, tax incentives, and Goods and Services Tax. Individual Income Tax Two new upper individual income tax brackets and rates are added, resulting in the following brackets and rates for 2016: up to MYR 5,000 - 0% over MYR 5,000 up to 20,000 - 1% over MYR 20,000 up to 35,000 - 5% over MYR 35,000 up to 50,000 - 10% over MYR 50,000 up to 70,000 -...