2pct reduction for M40 income tax, increase for high-earners

Published: Feb 24, 2023 9:47 AM | Updated: Jul 12, 2023 5:33 AM

Individual income tax for the M40 (middle 40 percent of income earners) group will be lowered by two percent starting this year, said Prime Minister Anwar Ibrahim.

This lowered tax rate will cover those in the income range between RM35,000 and RM100,000 per annum...

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