KUALA LUMPUR, Oct 14 (Bernama) — The special individual income tax relief of up to RM1,000, as announced under Budget 2026, is part of the government’s efforts to encourage Malaysians to travel within the country in conjunction with Visit Malaysia 2026 (VM2026).
Prime Minister Datuk Seri Anwar Ibrahim said that not only would it invigorate the domestic tourism sector, but also stimulate local economic activity
At the same time, he said, the initiative can help rebalance the trend of outbound tourism, which has increased following the strengthening of the ringgit.
“Due to the strengthening of the ringgit, there are also side effects, as more Malaysians are travelling overseas to places like Thailand, Japan and Indonesia. As such, we are introducing additional measures to boost domestic tourism by providing a tax exemption of up to RM1,000 for spending within the country,” he said during the Minister’s Question Time in the Dewan Rakyat today.
He was replying to a supplementary question from Jimmy Puah Wee Tse (PH-Tebrau) regarding the recent influx of nearly 200,000 Malaysians to Thailand and spending around RM50 million there recently.
–BERNAMA
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