Tax exemption for over 260,000

Plans for 2018: Najib and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi holding up copies of Budget 2018 in Parliament House, Kuala Lumpur on Budget Day last year.

KUALA LUMPUR: Over 260,000 people will be exempted from paying income tax following a two percentage point reduction in the individual tax rate for those earning between RM20,000 and RM70,000.

Prime Minister Datuk Seri Najib Tun Razak announced the cut in Budget 2018 in a move to help middle-income families raise their disposal incomes.