Tag Archives: Deputy Finance Minister

November 23

Amendment to Income Tax Act 1967 passed to help individuals, businesses cope with challenging times

A bill to amend the Income Tax Act 1967 was passed in the Dewan Rakyat today, providing various tax reliefs for individuals and businesses to face a more challenging economic situation next year. Among others, a lifestyle relief was introduced where taxpayers could claim up to RM2,500 for the purchase of reading materials, computer and […]