Tax exemption for over 260,000


Plans for 2018: Najib and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi holding up copies of Budget 2018 in Parliament House, Kuala Lumpur on Budget Day last year.

KUALA LUMPUR: Over 260,000 people will be exempted from paying income tax following a two percentage point reduction in the individual tax rate for those earning between RM20,000 and RM70,000.

Prime Minister Datuk Seri Najib Tun Razak announced the cut in Budget 2018 in a move to help middle-income families raise their disposal incomes.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Seputeh MP Teresa Kok receives death threat, bullets in the mail
KK City Hall takes precautionary measures to ensure tree safety
OK to criticise but stay away from 3R issues, says Anwar
Malbatt sergeant serving in UN mission dies in Lebanon
Soldier dies of heart attack after taking part in fire dept run
No US evidence on Iranian oil movement through Malaysian service providers, says Anwar
Construction of West Ipoh Span Expressway expected to start in June, says Perak MB
Halt weapons transfer from the US to Israel, says Anwar in Al Jazeera interview
RM1.5bil allocated for Sarawak rural development under 12MP
Man tries to seize submachine gun from cop at police station in Penang

Others Also Read