Malaysia Budget 2011

Ordinary mobile phones are subject to sales tax of 10% whereas Personal Digital Assistant (PDA) with Global System Mobile (eg. smart phones) which may function as a mobile phone is given sales exemption. In order...

Mr. Speaker Sir, I beg to move the Bill intituled “An Act to apply a sum from the Consolidated Fund for the service of the year 2011 and to appropriate that sum for the service...

Following the Malaysian government announced in Budget 2011 that the PLUS toll rate would not be increased for the next five years from today onwards. Yesterday, UEM Group Berhad and Employees Provident Fund Board have...

“ 1Malaysia, Generating Transformation ”  Summary & Highlights - Tax Changes & Proposals Existing EPF relief of maximum RM6,000 is extended to include employees’ contributions to private staff retirement schemes. Employers are allowed for tax deductions for contributions...

Our Prime Minister, Dato' Sri Najib Razak, who is also the Finance Minister was working hard these days in doing final preparation and finalising the details of Budget 2011 before tabling on Friday,  he...

As mentioned in our blog post on Real Estate Investment Trust (REIT) in Malaysia, the reduced withholding tax of 10% on individual and non-corporate investors is only available up to 31 Dec 2011. REIT dividends...

In order to boost the local tourism industry and to make Malaysia as a shopping haven for branded goods at competitive prices, the government proposes to abolish import duty range from 5% to 30%...

The 2011 Budget is due to be delivered on 15 October 2010 (Friday, as usual) by Prime Minister Datuk Seri Najib Tun Razak, who is also the Finance Minister. What we can expect from the...

“ 1Malaysia, Generating Transformation ” Budget 2011 Portal is to channel information for Malaysians on the 2011 National Budget. It also provides a live webcast of YAB Dato' Seri Mohd Najib Bin Tun Abdul Razak,...

During the recent economic crisis, a number of businessmen and individuals who faced financial problems and some of them were declared bankrupt. They were also blacklisted and not able to conduct businesses or apply...