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Mohamad Rafi Shahzada appointed Mara Corp chairman

PETALING JAYA: Mara announced appointment of Mohamad Rafi Shahzada as chairman of, Mara Corporation Sdn Bhd effective March 27. ....

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Malaysia's Budget 2024: Impact for Individuals

Malaysia's 2024 budget brings forth structural alterations that will notably impact businesses and individuals. ....

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Budget 2024: Tax-ing our way towards recovery

KUCHING: Budget 2024 is tabled when the world is faced with unprecedented challenges in a post-normal era. The Prime Minister and Finance Minister, Datuk Seri Anwar Ibrahim noted that such challenges are taking place at a scale and speed that is worrying.

These developments are simultaneously dam ....

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Individual Income Tax Amendments in Malaysia for 2021

Individual Income Tax Amendments in Malaysia for 2021
Individual Income Tax Amendments in Malaysia for 2021
March 1, 2021 Posted by ASEAN Briefing
Written by
Ayman Falak Medina
Reading Time:
4 minutes
Malaysia’s government has introduced several income tax amendments that will impact individual taxpayers for 2021.
The individual income tax has been reduced from 14 to 13 percent for resident taxpayers in the 50,000 ringgit (US$12,375) to 70,000 ringgit band (US$17,325).
Further, there are several tax relief schemes that residential taxpayers can benefit from for this year and beyond.
Malaysia’s government introduced a slight reduction in individual tax as part of its 2021 budget proposals. Furthermore, the government has increased, expanded, and extended the scope of the individual tax relief schemes introduced in 2020. ....

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