Budget 2022 is formulated based on the intention of protecting and restoring the livelihood of the Rakyat adversely affected by COVID-19. As announced, a number of changes have been proposed to change how individuals are taxed with further incentives and subsidies that may provide some relief to you.
KPMG is delighted to share with you the Personal Budget Widget, a tool that provides a preliminary calculation of how much tax savings potentially you may enjoy based on your own personal circumstances. In using this tool, you can choose the relevant reliefs that are applicable to you. Assumptions have also been made that all reliefs chosen by you will be deemed to be claimed up to the maximum allowable amount.
This widget is for general information purposes only. It should not be used or relied upon as a substitute for actual tax calculations. Professional advice should be taken regarding your specific circumstances.