THE personal taxation rate will be reduced by 2% on taxable income ranging from RM50,000 to RM100,000 for domiciled individuals, said Tengku Zafrul Abdul Aziz. 

In tabling Budget 2023, the finance minister said that the rate would be reduced from 13% to 11% for the taxable income range of RM50,001 to RM70,000. 

For those in the RM70,001 to RM100,000 range, it would go down from 21% to 19%. 

He said that those who fell in the taxable income ranges of RM250,000-RM400,000 and RM400,000-RM600,000 would be subject to a rate of 25%. 

He added that the revision would provide savings of up to RM1,000 for the middle-income group, and RM250 for the high-income group. – October 7, 2022.