Tax expert welcome government’s cut tax for M40

Soh Lian Seng, KPMG in Malaysia’s Head of Tax, welcomed the move by the government to cut the income tax for the M40 group as the move will give the middle income households more purchasing power.

“… there will be additional cash in their [M40 group] pocket. With the additional cash, they can spend more and I believe that will help to spur up the economy,” he said.

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