#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.

Cover image via Parlimen Malaysia (YouTube)

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Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has proposed the income tax rate for Malaysians to be decreased by 2%

During the announcement of Budget 2023 today, 7 October, the Finance Minister has announced a proposal for Malaysians earning between RM50,001 and RM70,000 per annum to have a tax decrease from 13% to 11%.

Malaysians earning between RM70,001 and RM100,000 yearly will see a tax decrease from 21% to 19%.

Stay tuned for our overview story of #Budget2023!

Image via SAYS

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