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Key tax aspects of Budget 2023

Budget 2023, with an allocation of RM388.1bil, is an expansionary one by a mile, being 17% higher than the previous one, but with a lower deficit at 5% compared to 5.6% in 2022.

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Budget likely to maintain proposed tax cut for M40, rise for T20

PETALING JAYA: The Chartered Tax Institute of Malaysia (CTIM) does not anticipate any new tax to be introduced in the upcoming Budget 2023, but expects the government to maintain the two-percentage point (ppt) income tax cut for the middle-income group (M40) and 0.5-ppt tax rise for the high-income earners (T20) proposed in the previous budget.

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Budget 2023 expectations

BUDGET 2023 is likely to reflect a bigger federal spending plan as the government aims to insulate the economy from a possible global recession and expedite key reforms.

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Budget 2023 likely to maintain proposed tax cut for M40, tax rise for T20 - CTIM

KUALA LUMPUR: The Chartered Tax Institute of Malaysia (CTIM) does not anticipate any new tax to be introduced in the upcoming Budget 2023 but expects the government to maintain the two-percentage point (ppt) income tax cut for the middle-income group (M40) and 0.5-ppt tax rise for the high-income earners (T20) proposed in the previous budget.

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Tax thoughts on Budget 2023

THE 2022 budget was short on outlining any initiatives to enable Malaysia to build a sustainable tax revenue base.

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Recommendations for Budget 2023

THE Chartered Tax Institute of Malaysia (CTIM), a premier body for tax professionals, is putting forward Budget 2023 recommendations for treasury’s consideration.

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Chow Chee Yen elected as CTIM president

Grant Thornton Malaysia senior executive director Chow Chee Yen has been elected as the new president of the Chartered Tax Institute of Malaysia (CTIM).

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Malaysia's tax regime should stay current, sustainable post-Covid-19 - EY Malaysia

KUALA LUMPUR: The tax regime in Malaysia should stay current and continue to be sustainable to attract new domestic and foreign direct investments into the country in the wake of the changing investment landscape posed by COVID-19.

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TCGF helps taxpayers, corporates to manage risks

KUALA LUMPUR: The Tax Corporate Governance Framework (TCGF) to be implemented in Malaysia will enable taxpayers and corporations to conform to tax requirements and manage tax risks through early identification and resolution.

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Malaysia Issues Tax Exemption for Foreign Sourced Income

The government has issued a tax exemption on foreign-sourced income for individual taxpayers, backtracking from their earlier proposal in the 2022 budget.

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Live Breaking News & Updates on Tax institute of malaysia

The government has issued a tax exemption on foreign-sourced income for individual taxpayers, backtracking from their earlier proposal in the 2022 budget.Malaysia , Malaysian , Malaysians , Tax-institute-of-malaysia , Chartered-tax-institute ,

The government has issued a tax exemption on foreign-sourced income for individual taxpayers, backtracking from their earlier proposal in the 2022 budget.

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