KUALA LUMPUR: A tax rate exceeding 20% will be set for individuals who earn an income of over RM100,000, says Datuk Seri Amir Hamzah Azizan (pic). The Finance Minister II said this in his winding-up speech on the Supply Bill 2025 debate in the Dewan Rakyat late Wednesday (Nov 13). However, he did not specify if the RM100,000...
KUALA LUMPUR: The MyKad may be used as a mechanism for the implementation of targeted RON 95 petrol subsidies, says Rafizi Ramli. The Economy Minister said this would entail eligible Malaysians to scan their MyKads at the pump for subsidised petrol. Their eligibility would be determined through data stored on a cloud database, he said. Rafizi said the...
KUALA LUMPUR: The implementation of the targeted subsidies for the so-called T15 income bracket would place pressure on dual-income households, particularly working women, says Syed Saddiq Syed Abdul Rahman. The Muar Member of Parliament explained that if a dual-income household with an income of RM13,000 surpasses the T15 threshold, it will negatively impact the families listed...
KUALA LUMPUR: Implementing subsidy rationalisation by redefining the T15 group could end up being unfair to the middle class, says Tan Sri Muhyiddin Yassin. While taking part in debates on Budget 2025 in the Dewan Rakyat on Wednesday (Oct 23), the Pagoh MP said the government had yet to define the T15 group, but it purportedly...
