1. 1% cut for middle income group in tax from 13% to 12% . 2. Tax rebate from RM350 to RM400 for taxable income of RM35K . 3. Tax exemption of income savings. 4. Tax exemption on employee benefits. 5. diesel vehicle similar to petrol road tax. 6. Road tax for public transport cut to RM20 7. toll reduction for public transport . 8. scrapped / reduce inport duty on certain food stuffs like beehoo... 9. reduce import duties on certain electrical goods 10. scrapped duties of solar photovoltaic system equipments & high efficiency motors 11. scrapped duties on local made solar heating systems 12. exemption on duties for hybird cars . . . . . .. . . . . . .the above items are those that may affect me and help . . 1. reduce cost of living . . . . 2. may increase my take home pay . . . . .3. improve public transport . . . . 4. reduce power bill . . . . 5. fuel efficient car. . . . it will all depends on the manufacturers, the retail shops, service suppliers, and so on, if they will adjust their price or for my employee to pay me more and if i can afford to puy this energy efficient items and so on. on the whole its a big basket of goodies..... just that how will it tickle down and help, we will have to see.
30 August 2008
29 August 2008
Our PM have started to announce all the goodies in store for Malaysian, for the Budget 2009. I am watching the Live Telecast, and there seem to be alot of them. . . . this is what i think i heard, to be confirm by the main stream media. . . . 1. Additional Relief on Income tax for those with chargeable income of RM35K and below increase to RM400 from RM350 . . . 2. No Income Tax on Savings . . . 3. diesel road tax same as petrol . . . 4. Company Tax waive for Certain Staff Allowance especially transport . . . 5. better public transport , road tax for public transport at RM20, extend LRT's for KL only . . . . 6. Various incentive for making House Buying more affordable . . . 7. Reduction in Tax for certain food stuffs, like meehoon. . . . 8. Cigarettes tax increase by 3 cents or 60 cents per pack of 20's . . . . 9. Electrical Bill of Below RM20 waive . . . hopefully we will have cheaper food stuffs, for all, we will have to see what items tax have been reduce, and if there will be cheaper transportation for goods.
24 August 2008
it seems that 26th Aug 08, has been declare a Public Holiday, (via malaysiakini , the Malaysia Insider & NST on line) by Penang Chief Minister Mr Lim Guan Eng, to enable voters to vote in the P44, Pematang Pauh By Election. . . . . That well and good for the Govt Servants, a few Private sector employees may follow suite in granting the Holiday. But most in the Private sector, especially in the Hospitality Trade like Me, will be working as in our appointment letter spell out the number of Public Holiday that is available for us. I am not hopefull to get that extra one day off. . . . . For some its just 8 days, other may be more, at my current working place its 14 day, not bad already. . . . . Well every one will do what ever to get their ppl to win.