SELaiCK Alerts 3-2023 – Budget 2023 (Updated)

Dear Valued Clients and Associates

Budget 2023

Budget 2023 was re-unveiled on 24 February 2023 by the Prime Minister Datuk Seri Anwar Ibrahim. Themed “Developing Malaysia MADANI” to reflects the principles of accountability and pure value system that can address the current challenges including the highly uncertain global economic challenge.

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. 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

28 Feb 23