The Malaysia Budget 2026 is out — and there are some updates you might want to know about, especially if you’re an employee, parent, or homeowner. Here’s a quick and easy breakdown:
🌟 Good news for employees!
Starting 1 January 2026, those earning below RM3,000/month won’t need to pay stamp duty when signing employment contracts.
👨👩👧 More relief for families
Life insurance/takaful relief (RM3,000) now includes your children’s policies too.
Nursery & kindergarten fee relief is extended to kids up to 12 years old (RM3,000 per family).
Parents with children who have learning difficulties can now enjoy RM10,000 tax relief (up from RM6,000).
🏠 Buying your first home?
You’ll still get 100% stamp duty exemption for homes priced at RM500,000 and below — now extended until 31 December 2027.
🏢 Thinking of converting a shop lot into a home?
You can enjoy a special 10% tax deduction on eligible renovation costs (up to RM10 million).
🎟️ Explore Malaysia & save on tax!
During Visit Malaysia Year 2026, you can claim up to RM1,000 in tax relief for local travel and cultural events.
🍷🚬 Heads up:
Excise duties are going up — 10% more on alcoholic beverages, and higher tax rates for tobacco products starting 1 November 2025.
At AdrianYeo Tax KL, we’re here to help you understand how these updates affect your finances and business. Whether you’re planning, filing, or just curious — we’ve got you covered.
💬 Let’s chat about your tax strategy for 2026.