The latest and the best financial news, tips and tricks.
[Updated on 29th April 2019] Tax season can be a stressful time for anybody. If you’re already juggling your bills, groceries, and other housing expenses, finding out that you owe the government back taxes can be a real nightmare.
Preparing a meticulous budget is indeed the best way to keep track of your daily spending. An effective budget will keep track of every cent going in and out of your pocket, ensuring that it is categorised and allocated properly. However, when some items are forgotten, the budget planning just goes into the drain – […]
Remember the Digital Tax mentioned in the tabling of the 2019 Budget? The bill has now passed in the Dewan Rakyat. The tax is set to be imposed on foreign digital service providers starting 1 January 2020. Deputy Finance Minister Datuk Amiruddin Hamzah explained that the upcoming digital tax has a lower rate than that […]
Filling income taxes in 2019 don’t have to be complicated for Malaysians – especially new tax-payers! If you want to know how to get started and know the tax reliefs & benefits for you, read on!
Having troubles managing your budgets? Now we finally have a guide courtesy of the Ministry of Finance and Employee Provident Fund(EPF). The finance ministry has launched the BelanjawanKu guide which is an initiative by EPF. BelanjawanKu is a reference budget for Malaysians that includes expenditure required by individuals and families to lead dignified lives with active […]
Kumpulan B40, M40 dan T20 merujuk kepada klasifikasi pendapatan di Malaysia. Menurut Jabatan Statistik Malaysia (JSM), inilah definisi yang terkini.
Budget 2019 was expected to be a burden with the introduction of the new taxes, plus the pre-budget warnings that it will be the most difficult budget ever. The new taxes include a soda tax, digital tax, as well as a departure levy – to name a few. Click to read about all the taxes […]
Updated: 7 November 2018 Malaysians are categorised into three different income groups: Top 20% (T20), Middle 40% (M40), and Bottom 40% (B40). Over the years, the bar for each group’s income level has increased and this is one of the indicators of economic growth. Here’s the latest definition for T20, M40 and B40 based on […]
There’s just so much to read about the Budget 2019. Among the many topics, not all will be applicable or relatable to each individual. Want to get up to speed on what matters to you in the Budget? These are the infographics to see.
So the most anticipated Malaysia Budget 2019 has just been tabled. There have been many reactions to this somewhat interesting budget presentation by our Finance Minister, YB Lim Guan Eng on November 2nd 2018. There are many ways to analyse this budget but i guess the most glaring aspect of this budget is that it’s […]
Our Closing Thoughts on Budget 2019 Adoi – that was a lot to take in! Lim Guan Eng was, admittedly, speaking so fast that we had a hard time catching up. This budget announcement was heavy and carries three significant themes: Institutional Reforms People’s Well-being Pollution & Entrepreneurial Culture The total budget allocated for 2019 is total of RM314.55 […]
Updated: 31 October 2018 Income inequality, income gap, income disparity, these are all different words that refer to one simple thing – some people make more money than others. This is a sensitive issue to discuss within society because it involves a person’s salary. But how does the difference in salary matter?
As we all know, the Belanjawan 2019 website allows citizens of Malaysia to share their suggestions on what the government should consider for specific categories. There have been many different suggestions for the different categories. We put together some of these suggestions to bring up notable suggestions for the budget.
Almost exactly a year ago, the #Bajet2018 was tabled by the government. In light of the upcoming National 2019 Budget, we’re revisiting last year’s budget to understand what were the major announcements in the past. One big thing that will be missing is of course the GST, which has since been replaced with SST.
Every year during Deepavali, many Hindus splurge on so many things, clothes, food, fireworks, furniture and the lists goes on. It’s about time we rethink how we spend. To help us do that, here’s a list of 16 items under price control.
Source: The Star Tax-paying individuals and companies with outstanding income tax refunds in the past 6 years will be able to offset the amount for the taxes payable in the current year. There’s a whooping total of RM16.046 billion of unrefunded income tax and real property gains tax! The current MoF (Ministry of Finance) has […]