This updated Budget Adviser includes key tax proposals from the Finance Bill, in addition to the highlights of the various tax measures that were announced in the earlier Budget 2022 speech.
With the theme of “Keluarga Malaysia, Makmur Sejahtera”, 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.
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.