2027 Budget: Elderly care service tax cut to 6pc, fees exempt up to RM96,000
KUALA LUMPUR: The service tax on elderly care services will be reduced from eight per cent to six per cent from Jan 1, 2027, while care fees of up to RM96,000 a year will be fully exempted.
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim announced on October 3 that the service tax on elderly care services will decrease from 8% to 6% starting January 1, 2027. Additionally, care fees of up to RM96,000 annually will be fully exempted. To support the growth of the elderly care sector, the government will invest more than RM40 million through the Human Resources Development Corp to train 8,000 individuals.
The Prime Minister also mentioned the drafting of a Senior Citizens Bill to address neglect and improve the overall care ecosystem, as well as the establishment of two National Integrated Care Centres in Penang and Sarawak. The bill aims to ensure adequate protection and improved quality of life for senior citizens.
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