Budget 2027: How much tax could Malaysians save under the proposed new rates? We did the maths for you

In Budget 2027, Malaysia proposes changes to income tax rates, reducing taxes for certain middle-income brackets while increasing the rate for income above RM1 million.

These adjustments, combined with a hike in individual tax relief from RM9,000 to RM12,000, are expected to increase taxpayers' disposable incomes by up to RM1,600.

The initiative aims to uphold the progressive tax system, burdening higher earners more while alleviating tax on middle-income groups.

All proposed changes are slated to apply from the tax assessment year 2027 onward.

KUALA LUMPUR, Oct 16 — How much will you be able to save in taxes in Malaysia, based on the proposed new income tax rates and individual tax relief in Budget 2027?

But first, very quickly, take a look at how the government proposes to change the income tax rate from 2027 onwards:

The main changes include reducing the tax rate for the chargeable income band of RM70,001 to RM100,000 from 19 per cent to 18 per cent, and reducing it for the RM100,001 to RM150,000 band from 25 per cent to 24 per cent.

What it means for you in ringgit and sen

To calculate how much tax you will be paying, take your total income in 2027, and then subtract the tax reliefs you will claim, which leaves you with the “chargeable income”.

Since Malaysia uses a progressive tax system, the tax you have to pay will be based on the different tax rates for the different income bands in your overall chargeable income, instead of one flat tax rate for your entire chargeable income.

So based on the proposed new tax rates for 2027, you could save RM300 or RM800 in tax, if your chargeable income is for example RM100,000 or RM150,000.

If your chargeable income is RM2 million, you will have to pay RM19,200 more in taxes, as the higher tax rate of 30 per cent is proposed to kick in earlier when the chargeable income exceeds RM1 million.

On Deloitte Malaysia’s website, its tax leader Sim Kwang Gek in her Budget 2027 commentary noted that the proposed 30 per cent tax rate (starting from above RM1 million instead of only to above RM2 million) appears aimed at partially offsetting the lesser revenue from middle-income taxpayers due to their lower tax rates, while ensuring higher-income taxpayers contribute more to the government’s overall tax revenue.

“The proposal therefore reinforces the progressive nature of Malaysia’s personal income tax system by shifting part of the tax burden towards those with a greater ability to pay,” she said.

Wait, there’s more: Taxpayers could save up to RM1,600 when lower tax rates are combined with higher tax relief

The individual tax relief, which is automatically given to taxpayers, will be raised from RM9,000 to RM12,000 from tax assessment year 2027 onwards. (This is the first time it has been raised since 2010).

That means you will automatically see an additional RM3,000 being deducted from your chargeable income, which ultimately means you will be paying less tax.

Here’s what this means, based on our own calculations using hypothetical figures for illustration purposes and also Deloitte’s examples:

• You will pay RM840 less in tax

(If your chargeable income would have been RM100,000 based on the RM9,000 tax relief figure, but it was pushed down to RM97,000 based on the RM12,000 tax relief figure. And also based on the proposed lower tax rate of 18 per cent for RM70,001-RM100,000 band, as compared to the current higher tax rate of 19 per cent for this band.)

• You will pay RM1,520 less in tax

(If your chargeable income is reduced from RM150,000 to become RM147,000, due to higher tax relief of RM12,000. Lower tax also due to proposed lower tax rates for the chargeable income bands RM70,001-RM100,000 (18 per cent) and RM100,001-RM150,000 (24 per cent), as compared to current tax rates.)

That’s more cash in your pocket, or more disposable income left for you to spend, save or invest.

So this is why Prime Minister Datuk Seri Anwar Ibrahim said in his Budget 2027 speech that the combined effect of the higher tax relief and lower income tax rates would give an additional disposable income of up to RM1,600 to approximately five million taxpayers.

Of course, this is before factoring all the other tax reliefs you may be claiming, so the total tax you would be paying could be even lesser.

Do remember that all these proposed new income tax rates and higher tax relief is for tax assessment year 2027 and onwards, which means they are expected to only apply to the income you get in the year 2027 and the years after that.

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在 2027 年财政预算案中，马来西亚提议调整所得税税率，降低部分中等收入群体的税率，同时提高收入超过 100 万令吉的税率。

这些调整，加上个人所得税减免额从9000令吉提高到12000令吉，预计将使纳税人的可支配收入增加至多1600令吉。

该倡议旨在维护累进税制，对高收入者征收更多税负，同时减轻中等收入群体的税收负担。

所有拟议的变更计划从 2027 纳税年度开始实施。

吉隆坡，10月16日讯——根据2027年财政预算案中提出的新所得税税率和个人税收减免方案，您在马来西亚可以节省多少税款？

但首先，让我们快速了解一下政府计划如何从 2027 年起调整所得税税率：

主要变化包括将应税收入范围为 70,001 令吉至 100,000 令吉的税率从 19% 降至 18%，并将 100,001 令吉至 150,000 令吉范围的税率从 25% 降至 24%。

这对您来说意味着什么（以令吉和仙为单位）

要计算您将缴纳多少税款，请取您 2027 年的总收入，然后减去您将申请的税收减免，剩下的就是“应税收入”。

由于马来西亚采用累进税制，您需要缴纳的税款将根据您总应税收入中不同收入等级的不同税率计算，而不是对您的全部应税收入采用单一税率。

因此，根据 2027 年拟议的新税率，如果您的应税收入为 100,000 令吉或 150,000 令吉，您可以节省 300 令吉或 800 令吉的税款。

如果你的应税收入为 200 万令吉，你将需要多缴纳 19200 令吉的税款，因为当应税收入超过 100 万令吉时，30% 的较高税率将提前生效。

德勤马来西亚的税务主管沈光玉在其2027年财政预算案评论中指出，拟议的30%税率（从100万令吉以上开始，而不是仅仅从200万令吉以上开始）似乎旨在部分抵消中等收入纳税人因税率较低而导致的税收收入减少，同时确保高收入纳税人为政府的整体税收收入做出更多贡献。

“因此，该提案通过将部分税收负担转移到更有能力支付的人身上，加强了马来西亚个人所得税制度的累进性，”她说道。

等等，还有更多：如果较低的税率与更高的税收减免相结合，纳税人最多可节省 1600 令吉。

从2027纳税年度起，个人所得税减免额将从9000令吉提高到12000令吉（这是自2010年以来首次提高）。

这意味着您的应税收入将自动扣除额外的 3,000 令吉，最终意味着您将少缴税款。

以下是我们根据自身计算（使用假设数据进行说明）以及德勤提供的案例得出的结论：

• 您将少缴840令吉的税款。

（假设根据9,000令吉的税收减免额，您的应税收入为100,000令吉；但根据12,000令吉的税收减免额，应税收入降至97,000令吉。此外，还假设收入在70,001令吉至100,000令吉之间的税率为18%，而目前该收入区间的税率为19%。）

• 您将少缴1520令吉的税款。

（如果您的应税收入从150,000令吉减少到147,000令吉，是因为税收减免额提高了12,000令吉。此外，由于拟议降低应税收入区间70,001至100,000令吉（18%）和100,001至150,000令吉（24%）的税率，与现行税率相比，您的税负也会降低。）

这样一来，你的口袋里就多了些现金，或者说，你剩下了更多可支配收入，可以用来消费、储蓄或投资。

因此，首相拿督斯里安华·易卜拉欣在2027年财政预算案演讲中表示，更高的税收减免和更低的所得税率的综合效果将使大约500万纳税人额外获得高达1600令吉的可支配收入。

当然，这还没有考虑您可能申请的所有其他税收减免，因此您实际缴纳的税款总额可能会更少。

请记住，所有这些拟议的新所得税税率和更高的税收减免都适用于 2027 年及以后的纳税评估年度，这意味着它们预计只适用于您在 2027 年及以后年份获得的收入。

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