30 August 2008

Malaysian Budget 2009: Basket of goodies that may make a difference for Me!

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.

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