The one-off prosperity tax announced in Budget 2022 is estimated to bring in at least RM3 billion in revenue for the government, said Finance Deputy Minister II Yamani Hafez Musa.<br /><br />Under Budget 2022, big companies with paid-up capital of RM2.5 million or more will have the corporate tax on taxable income for the first RM100 million maintained at 24 percent.<br /><br />However, any taxable income after RM100 million will be subjected to the one-off 33 percent prosperity tax.
