The Budget 2022 themed "Keluarga Malaysia, Makmur Sejahtera”, was tabled by the Finance Minister, YB Dato' Seri Tengku Zafrul Abdul Aziz in Parliament on 29 October 2021.
The Budget 2022 builds upon three key pillars namely Strengthening Recovery, Building Resilience and Driving Reforms. The budget has three main focus areas, i.e. well-being, resilient businesses, and a prosperous and sustainable economy.
With a RM332.1 billion allocation, aimed to uplift many in the community and business sectors from the ravages of COVID-19 pandemic which brought the country to its knees, it is hoped that Budget 2022 will be the beacon of hope that will shine at the end of this pandemic crisis.
We are pleased to share with you our Budget Adviser publication that outlines numerous updates on the various existing tax measures, as well as other new tax proposals.
Should you need more information or any clarifications about the 2022 Budget, please do not hesitate to get in touch with our Tax team in our respective offices.