The much hyped Budget 2014 was tabled by the Prime Minister and Finance Minister, Datuk Seri Najib Tun Razak with various new changes. Some of the highlights include the Goods and Services Tax (GST), abolition of sugar subsidy, 1Malaysia People’s Aid (BR1M) 3.0 and higher property taxes – mostly predicted by budget watchers days before the announcement.
With the theme “Strengthening Economic Resilience, Accelerating Transformation and Fulfilling Promises”, the Budget focuses on enhancing the country’s economy, strengthening fiscal management, reinforcing human capital excellence, intensifying urban and rural development and ensuring the well-being of Malaysians.
Who benefits the most in this Budget and what are some of the key points brought up? Understand how Budget 2014 can affect you with this infographic.
Please keep me update on property project at Iskandar Malaysia.
Thanks!
Hi, thanks for the summary information. i wanna ask the Senior Citizen RM30 allowance, is that for all or Gov servant only? if is for all, what is the requirement for the allowance.
Thanks =)
good inf. tqvm..
Very good! Thanks
Enjoy reading 🙂
RM30 Per DAY for senior citizen is too good to be true if it is implemented continously. Compare this to RM250 for pensioners its a big difference
Anyone knows what age is consider senior citizen?? RM30 per day it is a lot of money. Is it going to pay until they “leave this world”?
what is the old age requirement?
How about Company RPGT rate?
1) Reviewed RPGT
30% for 1st-3rd years,
20% for 4th year,
15% for 5th year and
No RPGT beyond 5th year onward on citizens, whereas
companies are taxed at 5%.
2) For non-citizens, RPGT is imposed at 30% within the
holding period of up to 5 years and subsequent years at 5%.