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Updated Budget Adviser

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 Retabled Budget 2023.

The Retabled Budget 2023 was revealed by our new Prime Minister and Finance Minister, Datuk Seri Anwar Ibrahim on 24 February 2023. Themed ‘Developing Malaysia Madani’, the much-anticipated Budget 2023 involves an allocation of RM388.1 billion.

The budget focuses on 12 main efforts that aim to address pressing issues of the country such as overcoming economic challenges, driving the country’s growth and attracting investments, while not forgetting the well-being of the society.

This Budget Adviser 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 Budget 2023, please do not hesitate to get in touch with our Tax team in our respective offices.