Malaysia

Budget 2023: women returning from career breaks to get five-year tax exemption

Govt to also allocate RM11 million for more female-related health screenings

Updated 4 years ago · Published on 07 Oct 2022 5:00PM

Budget 2023: women returning from career breaks to get five-year tax exemption
To solidify women’s role in the working world, women returning to work after a career break will be given a tax break from 2023 to 2028, says Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz. – The Vibes file pic, October 7, 2022

by Isabelle Leong

KUALA LUMPUR – The government has allocated RM235 million in financing funds to assist women entrepreneurs to increase their business capacity as well as to improve their marketing strategies, said Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.  

In tabling the Supply Bill 2023 in Parliament this afternoon, he said among the funds would be through Semarak-Nita BSN, Tekunita under Tekun, Dananita programme under Mara, and Bizlady Bank Rakyat.   

To solidify women’s role in the working world, women returning to work after a career break will be given a tax break from 2023 to 2028. 

Additionally, parents are also entitled to a RM3,000 tax exemption for nursery and kindergarten enrolment until 2024.

To encourage more women to return to the workforce after a career break, he said, they will be given a tax exemption from 2023 to 2028.   

“In addition, parents are also entitled to a RM3,000 tax exemption for taska and kindergarten enrolment until 2024.”

He said a total of RM11 million has also been allocated in the budget to increase breast cancer screening tests, mammograms, and cervical cancer screening tests. 

An anti-sexual harassment tribunal, he added, will be set up to focus on all sexual harassment issues.  

“There will be a Social Support Centre for those suffering domestic violence, with an allocation of RM8 million.” – The Vibes, October 7, 2022

Related News

People / 21h

Prevention and early detection vital to reduce NCD rates, says Penang Exco

Malaysia / 2w

Malaysians expected to live longer, women to outlive men

Malaysia / 1mth

PKR women’s wing questions Zahid’s stance on political stability

Malaysia / 1mth

RM2.48m lost daily to investment fraud syndicates since 2023

Health / 1mth

Break the silence on cervical cancer, urges specialist

Malaysia / 2mth

Police looking for two women who allegedly stole gold bracelet (video)

Spotlight

Malaysia

Papagomo acquitted for second time in sedition case over government, Israel claims

Malaysia

ECRL fares start at RM60, with 50% discounts for children, seniors and OKU

Malaysia

DKU seeks court action against Ismail, 16 others over Negeri Sembilan royal dispute

By Alfian Z.M. Tahir

Malaysia

Kampung Manis: Dreams of 227 families to own replacement homes draw closer

Malaysia

Fadhlina takes legal action over video of 2023 Parliament speech

By Alfian Z.M. Tahir

Malaysia

Civil servants urged to turn Selangor Sultan’s anti-graft message into action

Malaysia

Animal welfare group urges probe into alleged sexual abuse of cat in viral video

Malaysia

Macron appeals for calm after France riots: 2,400 arrested, nearly 1,000 officers injured

Malaysia

Malaysia renews offer to help Indonesia fight fires

You may be interested

Malaysia

Property agent loses over RM79k after being scammed twice

Malaysia

Animal welfare group urges probe into alleged sexual abuse of cat in viral video

Malaysia

Schools to reopen in 3 states as usual, outdoor activities suspended

Malaysia

Trader claims trial over allegedly offensive Facebook comment about Anwar

Malaysia

Could a Black Swan fuel crisis be approaching?

Malaysia

Fifty-four missing Malaysians’ families may get relief as Nepal weighs faster death certificates

Malaysia

Papagomo acquitted for second time in sedition case over government, Israel claims

Malaysia

Tun M says grief still weighs on him after Siti Hasmah’s death