In Malaysia's 2024 budget, the government introduces expanded tax incentives for individuals, including a lifestyle tax relief of RM2,500 for self-improvement expenses, an extension of the RM2,000 education fees tax relief for upskilling courses until YA2026, a new RM1,000 tax relief for sports equipment and activities, and the inclusion of dental expenses up to RM1,000 in medical treatment tax relief for self, spouse, and child. Additionally, the tax relief for EV charging facilities is extended to YA2027, while tax relief for women returning to work is extended to YA2028. Further, medical expenses for parents, including full medical examinations, are now eligible for RM1,000 tax relief, and the tax exemption on children allowance received by employees has been raised from RM2,400 to RM3,000.

There are some important revisions that have been made to the Employment Act 1955 as of the year 2023. Everyone especially human resource business practitioners should look into the revision of the Employment Act 1955 to ensure that the business organization is aligned with the Employment Act all the time and that all employee's welfare is being taken care of.