Malaysia Tax Budget
FAQ: 20% discount on PTPTN loan settlement
In Budget 2013, in order to encourage the students to early repay the PTPTN loan, Prime Minister announced a discount of 20% will be...
Franchise Fee Is Now Tax Deductible In Malaysia
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...
Malaysia Individual Personal Tax Relief for YA 2010 & YA2011 (both years are same)
Individual personal tax relief is only available for individuals who are considered tax resident in Malaysia. No tax relief is available for non-tax residents....
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...
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...
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...
Budget 2016: All BR1M Up & Increased
The 1Malaysia People’s Aid (BR1M) has been increased under Budget 2016, with an allocation of RM5.9 billion expected to benefit 4.7 million households and...
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...
Budget 2014: The introduction of Goods and Services Tax (GST)
It was announced by the government in Budget 2014 that Goods and Services Tax (GST) will be implemented effective from 1 April 2015 and GST rate will...
Budget 2013: Tax status of a limited liability partnership
Budget 2013 proposes amendments to income tax law to treat tax status of a limited liability partnership (LLP) similar to that of a company...
