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Budget 2014: BR1M RM650 for Households and RM300 for Singles
The government will distribute higher Bantuan Rakyat 1Malaysia (BR1M) to households (RM650) and single individuals (RM300). BR1M of RM450 will now be given to those households earning monthly income...
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Budget 2014: Pay less tax in Goods and Services Tax (GST)?
It was announced by our Prime Minister that 300,000 individuals who are earning a monthly income of RM4,000 will no longer need to pay any income tax in 2015, following the implementation of GST in...
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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 be fixed at 6 (%) per cent. Sales tax and service...
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Budget 2014: Personal tax reduced in 2015
Upon the implementation of GST in April 2015, the Government is committed to provide various forms of assistance to the rakyat during and after the GST implementation. One of the significant measure is...
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Budget 2014: Special personal tax relief RM2,000
As announced in Budget 2014 and to increase the disposable income of the middle income group, a special one-off personal tax relief of RM2,000 will be given to resident tax payers earning up to RM8,000...
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Budget 2014: Corporate tax rate reduced to 24%
To support the smooth implementation of GST and to further enhance the competitiveness of Malaysia, the corporate tax rate will be reduced by 1%, from current 25% to 24%, with effect from year of...
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Budget 2014: 1,000 Dialysis Machines To Be Given Away Free
Under Budget 2014 Malaysia, 1,000 dialysis machines to be given away free by the Government to patients with end stage kidney failure and these new machines will allow dialysis patients to conduct the...
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GST: main cause for higher inflation in 2015
Goods and Services Tax (GST) has been very must talk of the town following the announcement of time table for implementing GST in the Budget 2014 by Prime Minister Datuk Seri Najib Razak. Based on...
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Budget Malaysia 2014: Highlights, Tax Summary and Proposals
Budget 2014: Strengthening Economic Resilience, Accelerating Transformation And Fulfilling Promises Budget 2014 Malaysia was tabled by Prime Minister Datuk Seri Najib Razak in Parliament on 25 October...
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Details and Scope of Goods & Services Tax
The much sought after details and scope of the Goods and Services Tax (GST) have been released by the Custom Department. GST will be implemented from 1 April 2015. The current sales tax and service tax...
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