Malaysia Tax Budget
Budget 2013: Personal tax rate reduced by 1%
The new individual income tax rates effective from year of assessment 2013 is tabulated below and tax rate reduction gives a maximum tax saving...
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...
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...
Tax Budget 2012: My First Home Scheme (MFH)
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...
Budget 2013: Good News For New Home Buyers?
Housing and Local Government Minister Datuk Seri Chor Chee Heung said Datuk Seri Najib Razak was equally concerned about providing affordable homes for the people...
Budget 2013: BR1M v2.0 RM500 for Households RM250 for Singles
The 1Malaysia People's Aid (BR1M) will be distributed for the second time and this has been announced that a payment of RM500 (instead of...
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...
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....
Budget 2013: Focus On Economic Growth
Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop says Budget 2013 will focus on the people's prosperity and the country's economic...
Budget 2013: Special Allocation For Education Ministry
Deputy Prime Minister and Education Minister Tan Sri Muhyiddin Yassin said the Education Ministry hopes to get a special allocation under Budget 2013 to...
