KUALA LUMPUR: The Chartered Tax Institute of Malaysia (CTIM) does not anticipate any new tax to be introduced in the upcoming Budget 2023 but expects the government to maintain the two-percentage point (ppt) income tax cut for the middle-income group (M40) and 0.5-ppt tax rise for the high-income earners (T20) proposed in the previous budget.
Grant Thornton Malaysia senior executive director Chow Chee Yen has been elected as the new president of the Chartered Tax Institute of Malaysia (CTIM).