K&N Kenanga Budget 2007 Preview

Budget 2007

Here’s a summary of the preview report from K&N Kenanga on the upcoming Budget 2007.

- tough times ahead for property market (due to over supply and high interest rates), which might result in the reintroduction of RPGT exemption

- tax cut on corporate and personal level is highly unlikely

- implementation of the good and service tax (GST) will be postponed yet again

- projects to focus on the less developed regions- namely the Eastern Corridor and the Southern Johor Economy Region

- sin tax will be raised yet again at about 5-10% for tobacco and brewery sector (it was hiked 13% and 9% respectively in the year 2005)

- number forecast operators and and casino operators would be spared from the hike

For those who are figuratively-inclined, you can read it all up in the following PDF report.

Download the PDF report.

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