Budget 2023: Income tax cut by 2% for RM50,000-RM100,000 taxable range | TheStarTV.com

Budget 2023: Income tax cut by 2% for RM50,000-RM100,000 taxable range

Published on 7 Oct 2022 5:06:55 PM

The personal taxation rate will be reduced by 2% on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals.

In tabling Budget 2023 in Parliament on Friday (Oct 7), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said for the taxable income range RM50,001 to RM70,000, the rate will be reduced from 13% to 11%.

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news, tengku zafrul abdul aziz, finance ministry, budget, 2023, income tax, reduce, increase, monthly, income, residents

The personal taxation rate will be reduced by 2% on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals.

In tabling Budget 2023 in Parliament on Friday (Oct 7), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said for the taxable income range RM50,001 to RM70,000, the rate will be reduced from 13% to 11%.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, tengku zafrul abdul aziz, finance ministry, budget, 2023, income tax, reduce, increase, monthly, income, residents

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