Full stamp duty exemption proposed for first homes up to RM500,000
The proposed relief would cover purchases under sale-and-purchase agreements executed from Jan 1, 2027, to Dec 31, 2030.
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The proposed relief would cover purchases under sale-and-purchase agreements executed from Jan 1, 2027, to Dec 31, 2030.
The Budget 2027 initiative would allow Malaysians to choose whether their investment supports education, healthcare or social protection.
Rate cuts in two income brackets and the higher relief threshold are expected to provide up to RM1,600 in additional disposable income for approximately five million taxpayers.
Individual tax relief will rise to RM12,000, while MSMEs will receive a one percentage point reduction in their income tax rate.
The expected payout is RM5 billion or 18.5% above the 2026 estimate and would match the dividends paid in 2024 and 2025.
Private investment is projected to grow by 7.1%, with spending directed towards technology-intensive services and manufacturing.
The proposed contribution-based system would cover new permanent civil service hires, but no implementation date has been specified.
The Economic Outlook 2027 report prioritises labour-intensive MSMEs, which accounted for around 93.7% of establishments but 51.1% of total wages in 2022.
Services and manufacturing are expected to account for over 80% of employment opportunities as national plans support job creation.
The government will focus on limiting debt accumulation, rebuilding fiscal buffers and managing borrowing costs and refinancing risks.