KPMG in Malaysia reports that the 2013 budget proposals were presented by the government on September 28, 2012. Several of the tax measures aim to lower the tax burden on low-to-middle income individuals, assist with savings for education, and provide tax relief for taxpayers with children attending higher education. Other measures modify: the tax treatment of lump-sum gratuities offered to employees upon retirement or cessation of employment; the time bar period for assessments; and real property gains taxation.