SELaiCK Alerts 4-2022 – Budget 2023

Dear Valued Clients and Associates

Budget 2023

Budget 2023 was unveiled on 7 October 2022 by the Finance Minister, Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. Themed “Keluarga Malaysia, Makmur Bersama”, Budget 2023 focuses on measures to ensure the wellbeing of the rakyat, business continuity, economic prosperity and public service delivery efficiency.

We have extracted in this Highlights, proposals in Budget 2023 which in our view would be relevant from both the business and individual perspectives to our clients for their consideration.

The implementation of the proposals would be subject to any clarification and guidance from the relevant authorities and being legislated where applicable. Consequent to the dissolution of the 14th Parliament on 10 October 2022, Budget 2023 will have to be re-tabled in the next Parliament sitting by the new government. As such, further details on the proposals are expected to be released by the authorities in due course.

Please access our website at for all of our earlier Alerts.

Please do not hesitate to contact the following should you have any queries on the above:


Best regards

13 Oct 22

Budget 2023