Budget 2023: Income tax rate down for those earning below RM100,000

– Bernama

KUALA LUMPUR: The personal income tax rate will be lowered by two percentage points for those earning RM100,000 and below annually, says Datuk Seri Anwar Ibrahim.

The Finance Minister, when announcing the revised Budget 2023 on Friday (Feb 24), said the rate would be lowered from for those in the RM35,000 to RM100,000 income bands.