Budget 2027: Tax relief hike to RM12,000 welcome but long overdue, says Dr Wee
MCA president Datuk Seri Dr Wee Ka Siong welcomed the Budget 2027 increase in individual income tax relief to RM12,000, calling it a long-overdue measure. He noted that while the relief helps disposable income, future focus must remain on expenditure control.
Why it matters
The statement reflects political discourse surrounding fiscal policy and the cost of living in Malaysia.
KUALA LUMPUR: The increase in individual income tax relief to RM12,000 under Budget 2027 is long overdue and will give households huge relief, says Ayer Hitam MP Datuk Seri Dr Wee Ka Siong.
The MCA president said the relief limit had not been revised in sixteen years, and raising it would allow people to deduct more from their taxable income and leave them with more money to spend.
"I think that will help the liquidity, the disposable income," he told reporters at the Parliament lobby after the Budget was tabled on Friday (Oct 9).
Dr Wee, who has been calling for the increase over the past few years, said RM12,000 was the minimum he had pressed for.
"Exactly what I said, it should be increased to at least RM12,000 if not RM15,000. So today we see at least this good effort," he said.
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