Malaysia Budget 2014

Budget 2014: No more subsidy for sugar

Budget 2014: No more subsidy for sugarThe government will abolish the sugar subsidy of RM0.34 with effect from 26 October 2013 (Saturday).

The cost of sugar costs will be increased from RM2.50 to RM2.84 per kg .

All Malaysian are urged to reduce the consumption of sugar in their daily foods and drinks to reduce the risks of getting diabetic illness.

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Budget 2014: 30% RPGT for first 3 years

Owning a comfortable home are top on the most wish list from the people, this largely due to the constant increased house prices for past few years.

Price of most houses in the cities has been double or treble since then.

As part of the effort in reducing the speculative activities in the property market, it was proposed under Budget 2014 that the real property gains tax (RPGT) will be revised as table below:

REAL PROPERTY GAINS TAX FOR 2014 Tax Rates
  Personal (citizen & PR) Company
Disposed within 3 years 30% 30%
Disposed in 4th year 20% 20%
Disposed in 5th year 15% 15%
Disposed after 5 years 0% 5%

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Budget Malaysia 2014: Full Speech by Prime Minister

Budget Malaysia 2014: Full Speech

By  YAB DATO’ SRI MOHD NAJIB TUN HAJI ABDUL RAZAK, PRIME MINISTER AND MINISTER OF FINANCE

INTRODUCING THE SUPPLY BILL (2014)

IN THE DEWAN RAKYAT

FRIDAY, 25 OCTOBER 2013

“STRENGTHENING ECONOMIC RESILIENCE,
ACCELERATING TRANSFORMATION AND FULFILLING PROMISES”


INTRODUCTION

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 2014 and to appropriate that sum for the service of that year” be read a second time. Read More

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Budget 2014: Full speech, highlights and details

We will update all highlights and interesting points of Budget 2014 Malaysia on timely basis and you can download the full speech of Budget 2014 here right after the announcement by Prime and Finance Minister, YAB Dato’ Sri Mohd Najib Bin Tun Haji Abdul Razak today (25 October 2013).

What do you expect from this Budget 2014 Malaysia? Follow us and give your comment and share your thoughts to us to make our nation better.


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BUDGET MALAYSIA 2014: FULL SPEECH nbc-hot6

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Budget 2014 Malaysia will be tabled in Parliament on 25 October 2013

Budget 2014 Malaysia will be tabled on 25 October 2013The 2014 Budget will be tabled in Parliament on Oct 25, Prime Minister Datuk Seri Najib Razak, announced here today.

Najib also announced the setting up of a Fiscal Policy Committee aimed at reducing fiscal deficit, strengthening public finances and ensuring nation’s long-term fiscal sustainability.

Najib, who is also Finance Minister, said he would chair the committee which would include selected Cabinet ministers and heads of departments.


CLICK HERE: ALL HIGHLIGHTS & INFORMATION ABOUT TAX BUDGET 2014 nbc-hot6


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Budget 2014: GST will not be implemented?

Goods & Services Tax (GST) (Pic source: www.malaysiakini.com)

Budget 2014 is just around the corner and is to be announced by our prime minister on this Friday, 25 October 2013, since then  the Goods & Services Tax (GST) has been much the talk of the town recently.

It was mentioned by our Deputy Minister of Finance Datuk Ahmad Maslan last week (18 October) that GST may not be implemented in this budget 2014. However, we believe the time table for the implementation of GST will be set in the budget, and the implementation will be very highly in the year of 2015!  Read More

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Budget 2014: Bursa Malaysia to soar higher next week?

Bursa MalaysiaShares on Bursa Malaysia is expected to trend higher next week with the FTSE Bursa Malaysia KLCI (FBM KLCI) testing its all-time record high of 1,826.22 level on the back of the United States debt breakthrough and the upcoming 2014 Budget on Friday.

Affin Investment Bank Vice President/Head of Retail Research Dr Nazri Khan said local stocks should get momentum from the strong performance of global equity markets, which already rose to five-year highs after the US Congress approved an 11th-hour deal to reopen the federal government and raise the debt ceiling, averting a potential default. Read More

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Budget 2014: Impact on property market?

Budget 2014: Impact on property marketAll eyes are on next Friday’s Budget 2014 announcement, which many predict will have a big impact on the property industry

Affordable housing remains a thorny issue but the chorus of calls for more transparent information on property prices and values grows louder.

Many are expecting a slew of changes to curb property speculation such as the abolition of DIBS (Developers Interest Bearing Scheme) and higher RPGT (Real Property Gains Tax).  Read More

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Less popular measures in Budget Malaysia 2014

Budget 2014: Less popular measuresThe government must adopt a less popular stance in the 2014 Budget to ensure long-term economic stability, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said several measures would be announced in the forthcoming budget to be unveiled by Prime Minister Datuk Seri Najib Abdul Razak on Oct 25 to strengthen the economy in the long-term and they may not go down well with the masses. Read More

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BR1M: Open to those earn less than RM5,000

The government is considering providing aid to Malaysian households earning between RM4,000 and RM5,000 a month to cushion the impact of rising cost of living and the move to rationalise fuel subsidy.

Finance Minister II Datuk Seri Ahmad Husni Hanadzlah said yesterday the government was studying the needs of these households and ways to help them.

He said households earning more than RM3,000 but less than RM5,000 were also affected by rising prices and the fuel subsidy rationalisation. Read More

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