(The Asean Briefing)
- Malaysia’s government has introduced several income tax amendments that will impact individual taxpayers for 2021.
- The individual income tax has been reduced from 14 to 13 percent for resident taxpayers in the 50,000 ringgit (US$12,375) to 70,000 ringgit band (US$17,325).
- Further, there are several tax relief schemes that residential taxpayers can benefit from for this year and beyond.
