Those with taxable incomes over RM100,000 a year contributed to 86% of individual income tax collected in 2023, says Finance Ministry

KUALA LUMPUR: Individual taxpayers with taxable incomes exceeding RM100,000 annually contributed a significant 86% of the total individual income tax collected in 2023, says the Finance Ministry.

It said this contribution formed part of the RM37.77bil in individual income tax collected by the government for that year, which represented 22% of the total direct tax collection of RM171.34bil.