KUALA LUMPUR: The government’s decision to extend the individual income tax relief of RM8,000 for annual net savings in the National Education Savings Scheme (SSPN) until 2024 is expected to attract more people to contribute to the scheme.
Depositors welcomed the decision announced by Prime Minister Datuk Seri Anwar Ibrahim in the Senate on Wednesday, a day after Inland Revenue Board chief executive officer Datuk Dr Mohd Nizom Sairi announced the discontinuation of the SSPN tax relief from Assessment Year 2023.
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