Budget 2027: SMEs to gain up to RM6,000 each from income tax cuts

The Malaysian government, led by Prime Minister Datuk Seri Anwar Ibrahim, announced a reduction in income tax rates for micro, small, and medium enterprises (MSMEs), projected to benefit 300,000 businesses with additional income of up to RM6,000 each.

The tax reduction includes a decrease to 14% for the first RM150,000 in taxable income and 16% for income between RM150,000 and RM600,000.

Additional measures include increased capital allowance limits and tax exemptions on specific manufacturing purchases, along with an extension of the Accelerated Capital Allowance until 2030.

The initiative also proposes minimal stamp duties on loans and credit agreements, aiming to alleviate operating costs and enhance cash flow for businesses.

KUALA LUMPUR, Oct 9 — A total of 300,000 micro, small and medium enterprises (MSMEs) in Malaysia are expected to have additional income of up to RM6,000 each amid expected lower taxes, as the federal government will be cutting their income tax rates, Prime Minister Datuk Seri Anwar Ibrahim said today.

As a response to MSMEs’ concerns over rising operating costs, Anwar said the federal government has agreed to reduce their income tax rates by one percentage point:

For the first RM150,000 in taxable income, the tax rate will be reduced to 14 per cent;

For the taxable income from RM150,000 to RM600,000, the tax rate will be reduced to 16 per cent.

Anwar also listed various proposed tax measures, including increasing the limit for each small value assets eligible for capital allowance to RM3,000, while non-MSMEs will have the overall claim limit increased to RM30,000.

Another proposed measure is to allow manufacturers to claim sales tax on machines, replacement parts and equipment purchased from farmers or local distributors, which will cover raw materials to produce pharmaceutical products, animal feed, fertiliser and pesticides.

Anwar said the government also proposes to extend the existing Accelerated Capital Allowance on capital expenditure for plant, machinery and ICT equipment for businesses until December 31, 2030.

He said the government will also propose only RM10 in stamp duty for loans through peer-to-peer platforms from January 1, 2027 until December 31, 2030, and full stamp duty exemption for the opening of saving accounts and current accounts starting from January 1, 2027.

To ease MSMEs’ cash flow via credit facilities from banks for mid-tier companies, he also said the government proposes a stamp duty of only RM10 for agreements to use credit excess that are completed from January 1, 2027 to December 31, 2030.

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由首相拿督斯里安华·易卜拉欣领导的马来西亚政府宣布降低微型、小型和中型企业（MSME）的所得税税率，预计将使 30 万家企业受益，每家企业最多可增加 6000 令吉的收入。

此次减税措施包括：应税收入首15万令吉的税率降至14%，收入在15万令吉至60万令吉之间的税率降至16%。

其他措施包括提高资本补贴限额，对特定制造业采购给予税收豁免，以及将加速资本补贴延长至 2030 年。

该倡议还提议对贷款和信贷协议征收最低限度的印花税，旨在减轻企业的运营成本并改善其现金流。

吉隆坡，10月9日讯——马来西亚首相拿督斯里安华·易卜拉欣今日表示，由于联邦政府将降低所得税税率，预计马来西亚共有30万家微型、小型和中型企业（MSME）将因税收减少而获得高达6000令吉的额外收入。

针对中小微企业对运营成本上升的担忧，安华表示，联邦政府已同意将其所得税税率降低一个百分点：

对于首笔15万令吉的应税收入，税率将降至14%；

对于应纳税所得额在 15 万令吉至 60 万令吉之间的纳税人，税率将降至 16%。

安华还列举了各种拟议的税收措施，包括将每项符合资本补贴条件的小额资产限额提高到 3,000 令吉，而非中小微企业的整体申报限额将提高到 30,000 令吉。

另一项提议措施是允许制造商对从农民或当地经销商处购买的机器、替换零件和设备申请销售税，这将涵盖生产药品、动物饲料、化肥和杀虫剂的原材料。

安华表示，政府还提议将现有的针对企业厂房、机械和信息通信技术设备的资本支出加速资本补贴政策延长至2030年12月31日。

他表示，政府还将提议，从 2027 年 1 月 1 日至 2030 年 12 月 31 日，通过 P2P 平台获得的贷款仅需缴纳 10 令吉的印花税；并且从 2027 年 1 月 1 日起，开设储蓄账户和活期账户将完全免征印花税。

为了缓解中小微企业通过银行信贷融资的现金流压力，他还表示，政府提议对2027年1月1日至2030年12月31日期间完成的信贷超额使用协议，仅征收10令吉的印花税。

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