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Anwar announces tax cuts for M40 in Budget 2023

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The government is proposing cutting taxes by 2 percent for the RM35,000 to RM100,000 taxable income band.

Anwar says some 2.4 million taxpayers will benefit from this policy.

He says this policy is necessary because the M40 (middle 40 percent of income earners) has been very patient in recent years while the B40 group received the most government help.

Those with a taxable income above RM100,000 will see an increase in taxes of between 0.5 percent to two percent.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
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