CHECK YOUR BR1M APPLICATION RESULT NOW!

The Malaysian Government has officially distributed the first instalment of Cash Vouchers to those successful applicants for BR1M4.0 started from 1 February 2015. Check your BR1M application result now! Some successful applicants have already received letters...
Flood Victims Can Now Withdraw EPF to Renovate or Rebuild Their Houses

KWSP members whose houses were destroyed by the recent devastating floods at East Coast Areas are allowed to withdraw from their Account 2 savings to renovate or rebuild their houses. Full contents of announcement from KWSP below: Following the...
Second-Finance-Minister-Datuk-Seri-Ahmad-Husni-Hanadzlah-Receive Your BR1M Payment Directly in Bank Account-thumb

Eligible recipients of 1Malaysia People's Aid (BR1M), who have updated their bank account numbers with Inland Revenue Board, are expected to receive their BR1M Payments in February 2015. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said...
All Commercial & Islamic Banks in Malaysia

Currently, Malaysia has a total number of 27 Commercial Banks and 16 Islamic Banks. The following lists of banks are extracted from the Bank Negara Website:  List of Licensed Commercial Banks in Malaysia No.  Name ...
Pray for AirAsia Indonesia Flight QZ8501

Sad to hear the news and let's pray for all the passengers, crew members and their family members & reletives.
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...
Personal-Tax-Rates-Table-for-2014-2015

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...
Real-Property-Gains-Tax-RPGT-Malaysia-credit-to-imdavidlee

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...
Goods-and-Services-Tax-GST-in-Malaysia-thumb

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 2016 BR1M

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...