top of page
  • CCS

Review of Tax Incentive for Women Career Break

Updated: Nov 9, 2022

To Download Budget 2023 Speech and some other related publications - https://t.me/YourAuditor/3276

Current Position

Under the Income Tax (Exemption) (No 9) Order 2019, the employment income of women returning to the workforce after a career break is exempted from income tax, subject to condition as follows:

  1. who is a citizen of Malaysia;

  2. who is resident in Malaysia;

  3. who has ceased employment and has not derived any employment income for a continuous period of at least 24 months prior to or as at 27 October 2017;

  4. who has at least 3 years full time employment experience prior to the cessation of employment referred to in (c) above;

  5. who does not exceed the age of 58 years on the date of the application;

  6. who has signed a full time employment contract in Malaysia with a qualifying employer for a period of at least 24 months;

  7. who has worked for at least 12 consecutive months from the employment contract period referred to in (f) above with the same qualifying employer and the period of that employment is between 27 October 2017 until 31 December 2024

  8. whose gross income from an employment contract referred to in (f) above is at least RM5,000.00 a month; and

  9. whose application has been approved.

Proposal

In encouraging women to return to work and contribute to the economy, it is proposed the existing conditions be reviewed as follows:

  1. career break of at least 2 years on the date of application received by Talent Corporation Malaysia Berhad; and

  2. tax exemption on employment income received from year of assessment 2023 until year of assessment 2028.

Effective Date

For applications received by Talent Corporation Malaysia Berhad from 1 January 2023 until 31 December 2027



Our website's articles, templates, and material are solely for reference. Although we make every effort to keep the information up to date and accurate, we make no representations or warranties of any kind, either express or implied, regarding the website or the information, articles, templates, or related graphics that are contained on the website in terms of its completeness, accuracy, reliability, suitability, or availability. Any reliance on such information is therefore strictly at your own risk.

Keep in touch with us so that you can receive timely updates |

要获得即时更新,请与我们保持联系

1. Website ✍️ https://www.ccs-co.com/ 2. Telegram ✍️ http://bit.ly/YourAuditor 3. Facebook ✍

4. Blog ✍ https://lnkd.in/e-Pu8_G 5. Google ✍ https://lnkd.in/ehZE6mxy


6. LinkedIn ✍ https://www.linkedin.com/company/74734209/admin/


350 views0 comments

Recent Posts

See All