# Malaysia cuts income tax for households

> Malaysia lowers income tax and raises wage floors ahead of election.
- Title: Malaysia cuts income tax for households · Nikkei Asia
- Summary: Malaysia lowers income tax and raises wage floors ahead of election. Malaysia plans to cut income tax for individuals and smaller businesses in 2027 to…
- Keywords: malaysia, anwar ibrahim, income tax, wage floors, 2027 budget, election, news, business, world, cuts, income, tax
- Source: Nikkei Asia — https://asia.nikkei.com/economy/malaysia-cuts-income-tax-and-raises-wage-floors-as-election-approaches
- Published: 2026-10-09T11:22:58+00:00
- Read time: 1 min
- Topics: malaysia, anwar ibrahim, income tax, wage floors, 2027 budget, election, news, business, world
## Malaysia's 2027 budget
Malaysia's Prime Minister Anwar Ibrahim announced plans to cut income tax for individuals and smaller businesses in 2027.
## Cost-of-living measures
The move aims to help households and smaller businesses ahead of the next general election.
## Election timing
The budget was tabled on October 9, 2026, as the election approaches.
## Key takeaway

Malaysia plans to cut income tax for individuals and smaller businesses in 2027 to address cost-of-living issues before the next general election.