The Budget 2024, announced on 13 October 2023 would support Malaysia in achieving its Madani Economy vision, namely to restore the nation’s dignity by restructuring the economy and improving the quality of life for all Malaysians. The key focus areas in Budget 2024 include empowering the middle class group and reduce their burden due to the rise in the cost of living and to empower the small and medium enterprises (SMEs) in terms of increasing their business income as this sector can create employment opportunities as well as generate income for the people.

In this year’s edition of PKF Budget 2024 E-News, we have summarized the key budget highlights from a tax perspective, documenting the tax related proposals and changes as announced in the Budget 2024, which would be essential for you and your businesses to be informed.

We are pleased to announce that we will be having our annual Budget 2024 Tax Webinar on 9 November 2023. This exclusive half-day webinar is being offered on a complimentary basis, and hence, slots are limited. Please stay tuned for our webinar invitation.