Friday, 25 November 2016

Malaysia Budget 2012

The statement by Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah that the Government will ensure that all eligible households are not left out of receiving their RM500 aid under the Bantuan Rakyat 1Malaysia...

Malaysia Ministry of Finance (MOF) open up a toll-free hotline 1-800-222-500 to answer enquiries and provide clarification in relation to RM500 cash aid for Malaysian earning RM3,000 or less a month.Toll-free hotline : 1-800-222-500 Operation...

Malaysian Ministry of Finance (MoF) has issued a Media Release stating the long-sought-after definition of “Household” as to who will eligible for the one-off RM500 cash assistance. As announced in Tax Budget 2012 on 7...

Dividend income derived from your investment in REITs will continue to be taxed at 10% final withholding tax from 2012 until 2016.For you other investments, you are "deemed" to be taxed at 25%,...

Franchise fee is now tax deductible in Malaysia, announced by Prime Minister Dato Seri Najib in Budget 2012.Franchise is a business model where franchisee is given the rights to offer, sell or distribute products...

Prime Minister Dato' Seri Najib has announced in Budget 2012 that the 100% exemption of import duty and excise duty for new CBU hybrid and electric cars be extended for another 2 years, with effect...

Budget 2012 has proposed that all employers are required to increase their EPF contribution from 12% to 13% for staff who are earning less than RM5,000 per month with effect from 1 January 2012. The staff...

One off cash assistance of RM500 to all households with a monthly income of RM3,000 and below, costing RM1.8 billion to benefit 3.4 million households, announced by Datuk Seri Najib in the Budget speech. Households...

The Inland Revenue Board (IRB) will now pay you a compensation of 2% per annum on the amount refunded late, with effect from the year of assessment 2013! Budget 2012 proposed that the compensation will...

Budget 2012 has proposed to increase the maximum price ceiling for houses under My First Home (MFH) scheme to increase from RM220,000 to RM400,000. This improved scheme will be made available to house buyers through...
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