Info

Malaysia Budget 2023 Highlights

LHDN

- Income tax on those earning between RM35,000 to RM100,000 will be lowered by two percentage points.
- Income tax on those earning more than RM100,000 to RM1 million will be raised by 0.5 to two percentage points.

Tax Relief

Tax relief of up to RM3,000 for voluntary contributions to the Employees Provident Fund (EPF) account.

Tax relief on medical treatment raised to RM10,000 from RM8,000, including relief of up to RM4,000 on treatments for conditions such as autism, down syndrome and specific learning disabilities.


Back