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Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz speaks during a press conference at Parliament building in Kuala Lumpur, October 7, 2022. — Picture by Firdaus Latif

Budget 2023: Civil servants to get extra RM100 pay hike, RM600 Aidilfitri bonus

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government has proposed to exempt tax on income received from year of assessment 2023 to 2028 to encourage more women to return to work after a career break.

Budget 2023: Govt proposes tax exemption to encourage more women to return to work

Tengku Zafrul while unveiling the Budget 2023 this evening said the agency will be jointly managed by the Royal Malaysia Police (PDRM), Bank Negara Malaysia (BNM), the Malaysian Communications and Multimedia Commission (MCMC) and the National Anti-Financial Crime Centre (NFCC) in cooperation with various established financial institutions. — AFP pic

Budget 2023: National Scam Response Centre to begin operations this month

Two million youths aged 18 to 20, and full-time students aged 21 and above, will receive the benefits of the e-Pemula, an e-wallet credit programme, as its one-off credit will be increased to RM200 next year.

Budget 2023: E-Pemula credit increases to RM200; govt to bear MyPSV e-hailing licence payment

Bank Simpanan Nasional (BSN) will also provide easy financing fund to assist the B40 Bumiputera to invest in ASB with loans offered at a rate of 1.5 per cent for RM100,000 fund. —  Picture by Farhan Najib

Budget 2023: ASB, ASB2 limit raised to RM300,000

People in Ipoh watch television at Kompleks Silveritage to get an update of Budget 2023 presented by Finance Minister Datuk Tengku Seri Zafrul Abdul Aziz, October 7, 2022. — Picture by Farhan Najib

Malaysia’s Budget 2023 essentials

Government servants watch Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz speaking during the tabling of Budget 2023 in the Dewan Rakyat, October 7, 2022. — Picture by Shafwan Zaidon

Budget 2023: Putrajaya expands school aid to all households with RM825m

Tengku Zafrul said there will be a 20 per cent discount for full settlement, 15 per cent discount for payment of at least 50 per cent of the total remaining debt in one payment as well as a 15 per cent discount for payroll deduction or scheduled direct debit payments.

Budget 2023: Up to 20pc discount for PTPTN borrowers from Nov this year to April 2023

PAS deputy president Datuk Seri Tuan Ibrahim Tuan Man speaks to the media at coalition headquarter for the emergency meeting at Publika October 6, 2022. — Picture by Hari Anggara

Tuan Ibrahim shares ‘last breakfast’ with ministry staff, suggests Parliament will be dissolved soon

Prime Minister Datuk Seri Ismail Sabri Yaakob said the Cabinet meeting held today went on as usual with various matters discussed. — Picture by Hari Anggara

Cabinet meeting went on as usual, various matters discussed, says PM

Government servants watch Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz speaking during the tabling of Budget 2023 in the Dewan Rakyat, October 7, 2022. — Picture by Shafwan Zaidon

Budget 2023: Voluntary EPF contribution limit raised to RM100,000

In tabling Budget 2023, Tengku Zafrul said that this would mean those in the aforementioned bracket would have their income tax payable rate slashed from 13 per cent to 11 per cent and 21 per cent to 19 per cent for those earning between RM70,001 and RM100,000.

Tengku Zafrul: Personal income tax reduced by 2 percentage points for those earning between RM50k and RM100K

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said individuals wishing to transfer their deed of assignment to their family members will only now need to pay a fixed rate of RM10 stamp duty next year onwards.

Budget 2023: RM10 stamp duty for property gifted within direct family

When tabling Budget 2023 today, he said households earning RM2,500 or below, and with five or more children could get one-off payment of RM2,500 under the scheme.

Budget 2023: Bantuan Keluarga Malaysia recipients to get up to RM2,500

In its commitment to eradicate hardcore poverty, the government will allocate RM1 billion to its existing Keluarga Malaysia hardcore poverty eradication programme starting next year. —  Picture by Ahmad Zamzahuri

Budget 2023: Govt allocates additional RM1b to eradicate hardcore poverty

Prime Minister Datuk Seri Ismail Sabri Yaakob and Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz at Parliament building in Kuala Lumpur, October 7, 2022. ―  Picture by Firdaus Latif

Budget 2023: Malaysia’s debt, liabilities estimated at RM1.42t up to June