Ahmad Zahid: Lower personal income tax will put more money in people's pockets

KUALA LUMPUR: The two-percentage point cut in personal income tax under Budget 2023 will have a positive impact as it will increase the beneficiaries’ disposable income, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pic).

He said although the savings of up to RM1,300 from the tax cut would not be in direct cash receipt, it would still ease the people’s burden in managing their costs of living.