How will Budget 2023 affect the ordinary people?
In this commentary piece, Soh Lian Seng, Head of Tax from KPMG in Malaysia shares insights on the government’s curated measures to reinforce recovery post pandemic that will bolster Malaysia from the effects of geopolitical tensions, food insecurity, global inflation and supply chain conundrums – as the nation awaits in anticipation for Budget 2023.
“Apart from subsidies on basic needs and fuel consumption, the budget could consider the reduction in personal income tax to ensure more disposable income will go into the hands of the rakyat while they brave through high inflation to meet their day-to-day obligations,” he says.
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