Budget 2027: Socso offers up to RM150 tax relief for Lindung 24 Jam, Lindung Kendiri contributors

The Malaysian government's Budget 2027 has introduced tax relief measures aimed at enhancing social security coverage for various groups of workers. Under the Lindung 24 Jam Scheme, contributors and those making mandatory contributions will receive up to RM150 in tax relief, benefiting over 8.5 million Lindung 24 Jam contributors and 1.7 million Lindung Kendiri contributors.

This initiative is expected to encourage more individuals to join the Lindung 24 Jam Scheme, including those who previously opted out. Additionally, e-hailing and p-hailing workers will receive a 35% matching contribution from Perkeso, increasing to 50% if platform companies contribute towards their social security payments. Self-employed individuals in 17 non-mandatory sectors will also receive a 70% matching contribution incentive to ease their contribution burden and broaden access to social security protection.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.