The government has proposed to exempt tax on income received from the year of assessment 2023 to 2028 to encourage more women to return to work after a career break, said Finance Minister Tengku Zafrul Abdul Aziz.

He added that to empower women at the corporate leadership level, the Securities Commission Malaysia will introduce a special training programme to enhance their skills.

The government will also identify and subsequently increase the number of women who are qualified to be appointed as members of the Board of Directors, he said.

Zafrul was speaking during the tabling of Budget 2023 at the Dewan Rakyat today.

As of October 2022, women constituted 29 percent of the BOD for 100 major public-listed companies.

“All 100 companies have at least one woman as a member of their BOD,” he added.

- Bernama

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