Prime Minister Datuk Seri Anwar Ibrahim announced on Friday (Oct 18) a range of tax relief measures for various segments of society under Budget 2025.
These measures include a RM4,000 income tax relief for medical and education insurance premiums, a maximum of RM10,000 for medical expenses, and RM6,000 in tax relief for treatment and rehabilitation expenses for autistic children.
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These measures include a RM4,000 income tax relief for medical and education insurance premiums, a maximum of RM10,000 for medical expenses, and RM6,000 in tax relief for treatment and rehabilitation expenses for autistic children.
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SUBSCRIBE: https://cutt.ly/TheStar
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NewsTranscript
00:00Rp 1 billion is provided to improve the ability to handle the cost of living.
00:06This includes the Payung Rahmah program, which has been increased to Rp 300 million.
00:13Rahmah sales are excelled at all donors every month.
00:20All donors, no matter where they are.
00:24Rp 700 million is allocated to improve the cost of living program
00:31in order to control the cost of goods,
00:33including through cooperation with merchants,
00:36wholesale markets, grocery stores, agricultural markets, etc.
00:40Rp 250 million is allocated to distribute basic necessities
00:45in rural areas,
00:47including expanding to new areas
00:50in Magandai, Kota Merudu and Nangga Pelawan, Bintulu.
00:56I would like to announce that
00:58the payment of the individual income tax
01:02on premium education insurance and medical insurance
01:07has been increased to Rp 4,000
01:09to ease the burden.
01:12The payment of the individual income tax
01:14for medical expenses up to Rp 10,000
01:18is also included in the payment of medical expenses
01:21by the tax payer
01:23under the insurance product and medical insurance tax.
01:28The sales of income tax on income obtained from foreign sources
01:33has been allocated to the tax payer of the source country
01:36and has been accepted by Malaysian individuals.
01:39It will be given temporarily until 31 December 2026,
01:44and will be continued until 31 December 2036.
01:51As for women,
01:54the number of women employed
01:56in more than 100 companies
01:58is 32.2%
02:02as of 10 October.
02:04However,
02:05the target of 30% of women's employment
02:09is still not met
02:11by 30 companies in their institutions.
02:15The government has urged,
02:17urged,
02:19and demanded an explanation
02:21as to why the target was not met by the companies
02:25and given another year
02:27to consider the increase of women's participation in the institution.
02:34Women are also encouraged to work,
02:36especially in the face of current financial pressures.
02:40The additional tax is given as much as 50%
02:44for the salary paid for 12 months.
02:50Ease of working and living is balanced
02:53in addition to supporting the economic agenda of care for workers.
02:56The government has suggested
02:58to increase the tax on employers as follows.
03:00The additional tax cut is 50%
03:04on the cost of building capacity
03:07and cleaning.
03:11The additional tax cut is 50%
03:13for the ease of additional maintenance holidays.
03:18The tax exemption for the treatment and rehabilitation of autistic children
03:22is increased to Rp 1,000.
03:26The provision of welfare to the people of Mas
03:28is increased to Rp 1 billion.
03:31This is to pay for financial assistance,
03:34as well as to pay for the welfare of the people of Mas and the activity center.
03:38The tax exemption for the individual income
03:41related to health care and welfare activities
03:44is revised to provide welfare
03:47and guarantee the care of the people of Mas.
03:50The additional tax on the treatment and rehabilitation of autistic children
03:53is increased to Rp 1,000
03:55to cover the cost of vaccination.
03:58The additional tax on the treatment and welfare activities
04:00is increased to Rp 1,000.
04:04The treatment and rehabilitation for the parents
04:06is also to cover the costs of the grandparents.
04:08The additional tax on the individual income
04:11related to child care allowance is increased.
04:14The care of the people of Mas,
04:16i.e. the parents, grandparents,
04:18as well as the additional tax on the employers
04:20related to child care allowance
04:22is also increased.