Budget 2021 Malaysia - Key Summary of Individual
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The tax highlights of Budget 2021 include:
- Reduction in personal income tax rate by one percentage point for tax resident individuals for chargeable income in the band of RM50,001 to RM70,000
- Preferential 15% personal tax rate for non-Malaysian citizens holding key positions in companies that relocate their operations to Malaysia under the PENJANA incentive package
- & more
