KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz on Friday (Oct 7) announced good news for one million taxpayers among the middle-income (M40) households as proof that the government has never neglected the group and always strives to increase the disposable income that the group can benefit from.
When tabling the national budget or the Supply Bill 2023 in the Dewan Rakyat today, the minister said the individual resident income tax rate will be reduced by two percentage points for the taxable income range between more than RM50,000 up to RM100,000.
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