{
  "id": 14815539,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T23:00:00.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "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 money on taxes under the proposed new income tax rates in Budget 2027, according to calculations provided by Deloitte Malaysia. The main changes include reducing the tax rate for chargeable income between RM70,001 and RM100,000 from 19% to 18%, and lowering it from 25% to 24% for income between RM100,001 and RM150,000.\n\nTo determine potential tax savings, one must first subtract any tax relief claimed from their total income, resulting in \"chargeable income.\" Based on the proposed rates, individuals with a chargeable income of RM100,000 or RM150,000 could save RM300 or RM800 in taxes.\n\nA significant relief comes from the increased individual tax relief, which will rise from RM9,000 to RM12,000 in tax assessment year 2027 and beyond. This additional RM3,000 deduction from chargeable income could result in savings of RM840 or RM1,520, depending on the individual's income level and the corresponding tax rate band.\n\nPrime Minister Anwar Ibrahim highlighted that the combined impact of higher tax relief and reduced income tax rates would provide an additional RM1,600 in disposable income for around five million taxpayers. These proposed tax changes are expected to apply to the income earned in 2027 and future years.",
  "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",
        "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."
}