HBA urges govt to consider income tax waiver, reduction for M40 group

HBA honorary secretary-general Datuk Chang Kim Loong (pic) said based on the chargeable income of RM100,000 and the tax rate for 2020, the income tax payable is RM10,900 or about RM908 per month.

KUALA LUMPUR: The National House Buyers Association (HBA) is asking the government to consider granting an income tax “wholesome” waiver or a reduction of 50% for the first RM100,000 of chargeable income tax for the next two years.

The suggested amount is used as it is the threshold to receive the RM30 e-wallet in Budget 2020 and RM50 under the ePenjana initiatives.