Budget 2021: Govt bumps up tax relief, reduce income tax rate for RM50k-RM70k bracket

BUDGET 2021 | The government has announced a slew of tax relief incentives under Budget 2021 including reducing the personal income tax rate by one percentage point, to 13 percent, for those earning RM50,001-RM70,000 annually.

Lifestyle relief tax has been increased from RM2,500 to RM3,000 - with the extra RM500 relief specifically for sports-related expenses including registering in competitions.

Digital news subscriptions are also covered by the lifestyle relief tax now...