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#Budget2023: A 6-Year Tax Exemption For Women Returning To The Workforce

The tax exemption is for 2023 to 2028.

By Sadho Ram — 07 Oct 2022 — Updated about 2 years ago

Cover image via Parlimen Malaysia (YouTube)

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Women returning to the workforce from their career break will be given tax exemption for the years between 2023 and 2028, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said while tabling the #Budget2023

While tabling the last budget for the 14th parliament today, 7 October, he said that the tax exemption for women on income received under the 2023-2028 assessment is to encourage them to return to the workforce.

Image via Parlimen Malaysia (YouTube)

Stay tuned for our overview of #Budget2023!

Image via SAYS

Read more #Budget2023 stories on SAYS:

#Budget2023: B40 Families With More Than 5 Children To Receive RM2,500 Cash Aid

Meanwhile, families who earn less than RM2,500 with one to four kids are entitled to between RM1,000 and RM2,000.

says.com

#Budget2023: Malaysian Taxpayers Will See A 2% Decrease In Income Tax

The 2% decrease will apply to those earning between RM50,001 and RM100,000 per annum.

says.com

#Budget2023: Poverty Line Income To Increase From RM980 To RM1,168

The Finance Minister said people who earn below the poverty line will receive RM40 in electric subsidy.

says.com

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