All payments for wages are subject to EPF deductions
Employers are legally required to contribute EPF for all payments of wages paid to the employees.
Rate of Contributions
The current rates are 11% for the employee and 12% for the employer, but employers are advised...
Budget 2015: New Personal Tax Rates for Individuals (YA2015)
As it was announced in Budget 2014 & proposed in the latest Budget 2015, individuals income tax rates will be reduced by 1% to 3% with effective from the year of assessment 2015.
Technically, families with total...
Budget 2015: Self Assessment for Real Property Gains Tax (RGPT)
Currently, gains from the disposal of property under the Real Property Gains Tax Act 1976, are assessed formally by the Inland Revenue Board (IRB or more commonly known as LHDN)
The Government has implemented the...
Budget 2015: No GST for Books, Noodles, RON95 Petrol, Newspapers & Others
Targeted consumers will not have to pay GST on the purchase of RON95 petrol, diesel and LPG.
The Government has confirmed that the following items will not be subjected to GST:
(i) All types of fruits whether local...
Budget 2015: BR1M4.0 RM950 for Families and RM350 for Singles
The government has increased Bantuan Rakyat 1Malaysia (BR1M) to families (RM950) and single individuals (RM350).
BR1M of RM750 will be given to those households earning monthly income between RM3,000 and RM4,000.
Please take note that all payments...
Budget 2015: Personal and company tax rates reduced
The announcements of reduction in tax rates in today's budget are not new. It was already announced in last year's Budget 2014 and it is merely repeat of last year budget measures again in Budget...
Budget Malaysia 2015: Full Speech (Text) by Prime Minister
By YAB DATO’ SRI MOHD NAJIB TUN HAJI ABDUL RAZAK, PRIME MINISTER AND MINISTER OF FINANCE
INTRODUCING THE SUPPLY BILL (2015)
IN THE DEWAN RAKYAT
FRIDAY, 10 OCTOBER 2014
“AN ACT TO APPLY A SUM FROM THE CONSOLIDATED FUND...
Budget 2015: Live Streaming
You can now watch the budget 2015 live on websites now!
Link: http://bajet2015.rtm.gov.my/ (Bahasa) or http://myklik.rtm.gov.my/tv2?quality=high for English.
For those who has difficulties to watch online, you can catch the event on TV. The stations which...
Prime Minister Najib To Table Budget 2015 4pm Today
Prime Minister Datuk Seri Najib Razak will table the 2015 Budget in the Dewan Rakyat at 4 pm, the last budget under the 10th Malaysia Plan (10MP).
Like other financial blueprints, Najib who is also...
Budget 2015: All On GST, Income Tax Reduction & Rising Costs of Living
The much look after Budget 2015 will be announced by our prime minister tomorrow (Friday, 10 October 2014), everyone will be looking what will be tabled then.
We will update all highlights and interesting points of Budget 2015 Malaysia on...