KUALA LUMPUR, April 17 — Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim tabled Budget 2023 in the Dewan Rakyat on February 24 and announced a myriad of perks directed towards the middle-income group which represents 40 per cent of Malaysians, otherwise known as M40.
The Amanah Saham Malaysia fund, which is open to all Malaysians including non-Bumiputera applicants, will also be increased by RM5 billion.John Soppiah, a 29-year-old software engineer said: “I think the ASB and ASM increases are good. It helps people who want to have something relatively safe to invest in.
Malaysians will also be eligible for a tax relief of up to RM3,000 for voluntary contributions to their EPF account. Muhammad Ikram, a 30-year-old lawyer, said that he appreciated the stamp duty exemption as he was buying a home in Seremban worth some RM600,000, with his soon-to-be wife. Those who opt for automatic salary deduction or scheduled direct debit repayments will also receive a 15 per cent discount. A five per cent discount will be given to those who repay via the myPTPTN mobile app.
Source: News Formal (newsformal.com)
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