KUALA LUMPUR, Oct 10 (Bernama) -- Budget 2027’s tax measures provide greater support to lower- and middle-income earners, according to the Malaysian Institute of Accountants (MIA).
Business : Budget 2027 Tax Measures To Benefit Lower- And Middle-income Earners - MIA
MIA, Ahmad Syahazan Yaacob, Budget 2027, SME, I
Key takeaways
Budget 2027's tax measures aim to support lower- and middle-income earners with adjusted tax bands and increased reliefs.
- Tax rates for income between RM70,001 and RM100,000 are reduced to 18%.
- Personal tax relief limit increases from RM9,000 to RM12,000.
- New tax band of 24% applies to income between RM100,001 and RM150,000.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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Related reporting
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- Bernama Business : Budget 2027 Tax Measures To Benefit Lower- And Middle-income Earners - MIA (this story)
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