The Malaysian House of Representatives is considering the Finance Bill 2023, which includes certain measures of the revised Budget for 2023 (previous coverage) and others. The main income tax measures of the bill include:
- An increase in the personal deduction limits for certain medical expenses from MYR 8,000 to MYR 10,000, as well as the introduction of a personal deduction for diagnosis, early intervention, and treatment of learning disabilities in children subject to an MYR 4,000 limit an…