09/10/2026
BAJET 2027: KEY HIGHLIGHTS*
Personal Income Tax
- Individual relief: RM9,000 ➜ *RM12,000*
- RM70k–100k bracket ➜ *18%*
- RM100k–150k bracket ➜ *24%*
- Income above RM1mil ➜ *30%*
Wages & Salaries
- Minimum wage: RM1,700 ➜ *RM2,000* from June 2027 (SMEs with sales under RM50mil exempted)
- New *RM2,500* minimum wage framework for semi-skilled workers & graduates
- GLIC/GLC living wage: RM3,100 ➜ *RM3,400* (230,000 workers)
- Non-SMEs must pay salaries via approved banking channels