Malaysia Tax Budget

Ministry of Finance (MOF): Register RM500 cash aid from 10 December 2011

nbc.blog - 02/12/2011 4

Malaysian Ministry of Finance (MoF) has issued a Media Release stating the long-sought-after definition of “Household” as to who will eligible for the one-off...

Tax Budget 2012: REIT dividend income at only 10% tax until 2016

nbc.blog - 19/11/2011 0

Dividend income derived from your investment in REITs will continue to be taxed at 10% final withholding tax from 2012 until 2016. For you...

Franchise Fee Is Now Tax Deductible In Malaysia

Tony Ng B.C. - 12/11/2011 3

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...

Hybrid & Electric Cars Continued To Be Cheaper In Malaysia

Tony Ng B.C. - 11/11/2011 0

Prime Minister Dato' Seri Najib has announced in Budget 2012 that the 100% exemption of import duty and excise duty for new CBU hybrid and...

Tax Budget 2012: Higher EPF Contribution from Employers

Tony Ng B.C. - 11/10/2011 44

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: Cash RM500 for Those Earn Less Than RM3,000 Monthly

Tony Ng B.C. - 10/10/2011 48

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...

Tax Budget 2012: Get Paid 2% If IRB Refund Late

Tony Ng B.C. - 09/10/2011 1

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: My First Home Scheme (MFH)

Tony Ng B.C. - 08/10/2011 30

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...