{
  "id": 14810557,
  "title": "Budget 2027: How much tax could Malaysians save under the proposed new rates? We did the maths for you",
  "url": "https://urgent.news/2026/10/15/budget-2027-how-much-tax-could-malaysians-save-under-the-proposed-new",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T23:00:00.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/16/budget-2027-how-much-tax-could-malaysians-save-under-the-proposed-new-rates-we-did-the-maths-for-you/239089"
  },
  "original_language": "en",
  "account": "Malaysians could potentially save RM300 or RM800 in taxes under the proposed new income tax rates in Budget 2027. The government plans to reduce the tax rate for the RM70,001 to RM100,000 income band from 19% to 18%, and for the RM100,001 to RM150,000 band from 25% to 24%. This could result in significant tax savings for individuals with chargeable incomes within these ranges. For example, those with chargeable incomes of RM100,000 or RM150,000 could save RM300 or RM800 in taxes, respectively. On the other hand, higher-income earners, such as those with chargeable incomes above RM1 million, could see a RM19,200 increase in taxes, as the 30% tax rate would be applied earlier due to the new income thresholds. The individual tax relief will also be raised from RM9,000 to RM12,000, which will automatically be deducted from taxpayers' chargeable income, leading to additional tax savings. Based on the calculations using hypothetical figures, taxpayers could save up to RM1,600 in total, with up to RM840 in tax reductions and RM1,520 in savings. This combined effect of higher tax relief and lower income tax rates is expected to provide an additional disposable income of up to RM1,600 for approximately five million taxpayers.",
  "summary": "KUALA LUMPUR, Oct 16 — How much will you be able to save in taxes in Malaysia, based on the proposed new income ta...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Budget 2027: How much tax could Malaysians save under the proposed new rates? We did the maths for you",
        "url": "https://urgent.news/2026/10/15/budget-2027-how-much-tax-could-malaysians-save-under-the-proposed-new-14815539",
        "published": "2026-10-15T23:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}