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Budget 2027: Good news for M40, tax relief increased to RM12,000

KUALA LUMPUR: The individual tax relief limit has been increased to RM12,000 from RM9,000, which has not been reviewed since 2010, benefiting the middle-income group (M40), said Prime Minister Datuk Seri Anwar Ibrahim.

The Star MalaysiaThe Star查看原文 ↗
2027年财政预算案:M40人群迎来利好消息,税收减免额度提高至12000令吉

A member of the public registers for the MyTax application by the Inland Revenue Board (LHDN), scheduled to take effect on January 1. — YAP CHEE HONG/The Star

KUALA LUMPUR: The individual tax relief limit has been increased to RM12,000 from RM9,000, which has not been reviewed since 2010, benefiting the middle-income group (M40), said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who is also the Finance Minister, said the tax rate for individual residents was reduced by one percentage point.

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