Budget 2023: Income tax cut by two percentage points for RM50,000-RM100,000 taxable range


KUALA LUMPUR: The personal taxation rate will be reduced by two percentage points on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals.

In tabling Budget 2023 in Parliament on Friday (Oct 7), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said for the taxable income range RM50,001 to RM70,000, the rate will be reduced from 13% to 11%.

Subscribe now and receive FREE sooka plan for 1 month.
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

Special op on motorcycles led to 10% drop in accidents, says Bukit Aman
Police to use drones to tackle cross-border crimes in Kelantan
Kelantan cops foil bid to smuggle shoes, handbags worth RM3.1mil
60 deaths, over 6,000 accidents reported during Deepavali period
Cops nab 48 following raids on unlicensed entertainment outlets in Kepong, Puchong
Don't be hypocrites, Anwar tells critics of Najib's apology
Plans in place to enhance cancer care, especially in rural areas, says Health Ministry
Lorry driver nabbed in Teluk Intan after unlicensed fireworks display sparks blaze
No internet censorship once social media licensing is enforced, says Comms Ministry
Newborn found abandoned in Sibu in stable condition at hospital, says S'wak minister

Others Also Read