Having a FEDERAL PARLIAMENTARY system in MALAYSIA, here is how they management their tax rate. People enjoy since they have more money to spend and attract more investor. VAT 6%? and Personal Income Tax Rate 25 % (MALAYSIA) VAT 7%? and Personal Income Tax Rate & progressive & 20 % maximum (SINGAPORE) whereas Philippines VAT 12%? and Personal Income Tax Rate 32 % It means Philippines pays excessive tax just to support LOOTING of government funds thru PDAF & PORK including rampant corruption at all levels. tradingeconomics/malaysia/sales-tax-rate
Posted on: Sun, 07 Sep 2014 14:52:05 +0000
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