Wednesday, 15 December 2010

Raise in Minimum Taxable Income

THE Finance Ministry will consider raising the minimum taxable joint income for married couples from RM3,151 to RM4,000 a month, says deputy minister Datuk Donald Lim Siang Chai.

He said this to a supplementary question by Datuk Bung Mokhtar Radin (BN-Kinabatangan) who wanted to know if the Government planned to increase the minimum taxable salary so that workers could have more money to provide for their families.

Lim also revealed that a total of RM15.5bil in income tax was collected from about 2.2mil individuals last year.

Lim added that the actual figures for this year could not be obtained yet as the numbers would only be finalised on Dec 31.

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