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Income tax waivers for 2020, 2021 proposal

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has proposed for the government to consider income tax waivers due to the impact caused by the Covid-19 outbreak. In the FMM Budget 2021 wish list today, FMM president Tan Sri Soh Thian Lai said since taxable income has been greatly reduced, the loss in tax revenue […]

Consider income tax waiver, reduction for M40 group

KUALA LUMPUR: The National House Buyers Association (HBA) is asking the government to consider granting an income tax ‘wholesome’ waiver or a reduction of 50 per cent for the first RM100,000 of chargeable income tax for the next two years. The suggested amount is used as it is the threshold to receive the RM30 e-wallet […]