Malaysia Budget 2012
Tax Budget 2012: Get Paid 2% If IRB Refund Late
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...
Appeal form for RM500 cash aid application rejected by MOF
Malaysian Government is progressively releasing the RM500 cash aid to its people since January 2012. However, some applications were rejected due to incorrect, incomplete or insufficient information given or attached with the application submitted.
You...
Tax Budget 2012: Higher EPF Contribution from Employers
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...
Tax Budget 2012: Cash RM500 for Those Earn Less Than RM3,000 Monthly
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...
Tax Budget 2012: REIT dividend income at only 10% tax until 2016
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%,...
