Pengurangan cukai PMKS bantu hapus ‘rintangan utama’ pertumbuhan

Prime Minister Anwar Ibrahim announced a proposed reduction in taxes for micro, small, and medium-sized enterprises (PMKS) to address concerns raised by PKS business owners about rising operational costs. According to Tai Lai Kok, a senior official from CPA Australia, the tax cut and expanded financing support are expected to boost cash flow and strengthen the capacity of PMKS to invest and develop their businesses.

On the same day, the government announced the 2027 Budget, where the Prime Minister stated that the income tax rate for PMKS will be reduced by 1% next year. Under this budget, the tax rate for the first RM150,000 of income will be lowered to 14%, while the rate for income between RM150,000 and RM600,000 will be reduced to 16%. These tax cuts were proposed in response to concerns raised by PKS business owners about rising operational costs, according to Anwar.

Meanwhile, the decision to increase the exemption for individual income tax and lower the tax rate for small-income groups aims to help increase earnings as many households still face pressure from high living expenses. Surin Segar, the Chairman of CPA Australia's Tax Advisory Board, noted that the announced income tax cuts acknowledge the need for tax relief to help cope with rising living costs.

He added that raising the personal income tax exemption from RM9,000 to RM12,000 is a welcome move, especially considering that this threshold has not changed since 2010.