Budget 2010 just came out from Malaysia Prime Minister Datuk Seri Najib Tun Razak this afternoon with the theme “1Malaysia, Together We Prosper”. Based on the appendices list from Ministry of Finance Malaysia, how much does you gain from it?
I just scan through… Things that benefit me.
- Taxpayers will get tax relief on broadband subscription fee of up to RM500 from 2010 to 2012.
- Personal relief for EPF and life insurance schemes to be increased to RM7,000.
- Personal relief increased to RM9,000.
How about you? Any other things that is good for you?
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Decreased tax is good for us also
Decrease tax? You are in tax rate from 27% to 26% for those earning more than RM100,000 a year? Wow
Decrease in personal tax is not only in the tax rate. There is also increase in the amounts you can claim for personal relief and EPF/life insurance premiums (good news for insurance sales ppl)
There no excitement in increase or decrease in import duties and prices like years before.
No rushing out to buy things before the budget!
I agreed…..
… under Budget 2010; “The maximum income tax rate for individuals to be reduced to 26% from assessment year 2010. Personal relief increased to RM9,000.”
I hope may this new budget strategy could help to stimulate the Malaysia economic & investment… Actually, Govn. should focus these matter…. no matter how… i curious either budget can help the middle income group of people or not… we just wait n see…
[...] announcement of RM50 annual service tax on principal card and RM25 for supplementary card during Malaysia Budget 2010, some people already started to reduce the quantity of their credit [...]
haha,…. it’s more easier if we stop credit card.. n back to normal.. no card no outstanding balances… life more easy than hang around wth pending…. its so easy!… otherwise… u can use DEBIT CARD!!