Budget 2023: Women returning after 'career breaks' to get income tax exemptions for five years


PETALING JAYA: Under Budget 2023, women who return to the workforce after a "career break" will be entitled to income tax exemptions for five years from 2023 to 2028.

Other benefits for women announced in Budget 2023 include an allocation of RM11mil for subsidies to undergo breast and cervical cancer screenings through mammograms and pap smears.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz also announced that "Gender Focal Teams" will be set up in all ministries and government agencies to address gender gaps and involve women in the planning and implementation of policies.

He also said that RM8mil will be allocated for social support centres to help victims of domestic violence and those experiencing mental health issues with the help of NGOs such as PS The Children.

These social support centres will also serve as early intervention centres providing psycho-social counselling.

The Finance Ministry also announced that RM235mil will be set aside to help women build, upgrade and market their businesses, while the Securities Commission will offer training programmes to increase the number of women in leadership roles in industry.

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 Budget 2023 , Women , Income Tax , Exemption

   

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