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#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.
By Jasmine Chea — 07 Oct 2022, 04:42 PM
Cover image via
Parlimen Malaysia (YouTube)
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%.
