All Articles With Category : Budgets & Tax

The latest and the best financial news, tips and tricks.

6% Tax on Digital Services passed, begins 1 Jan 2020

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 […]

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2019 Malaysia Income Tax e-Filing Guide for Newbies

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!

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BelanjawanKu – A Guide For A Better Budget

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 […]

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Golongan Isi Rumah B40, M40 dan T20 di Malaysia Berdasarkan Pendapatan

Kumpulan B40, M40 dan T20 merujuk kepada klasifikasi pendapatan di Malaysia. Menurut Jabatan Statistik Malaysia (JSM), inilah definisi yang terkini.

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2019年财政预算案: 马来西亚收入不平等的现象

收入不平等,收入差距虽然用词不同,但是都是指同一件事,那就是有些人赚的钱比别人多。这对于大众来说是个敏感话题,毕竟牵涉到一个人的薪水。但是薪水的差异有什么影响?

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2019年的“B40预算案“–是否做到公平公正?

马来西亚2019年的预算案已经出炉。这个预算案被很多人称为“B40预算案”,因为它里面有许多方案来援助最底层的40%的家庭(B40群组)。在部长演讲时,他做出了几个以维护这个群组的声明。整个演讲总共有78页,让我们看看一些大纲。

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Budget 2019: New Taxes for Malaysia

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 […]

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The T20, M40 And B40 Income Classifications in Malaysia

 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 […]

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Budget 2019: Summary Infographics To See

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.

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The B40 Budget – Fair and Just?

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 […]

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Malaysia Budget 2019 – Live Updates at 4PM

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 […]

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Budget 2019: How Income Inequality in Malaysia can Affect You

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?

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Budget 2019 Malaysia: Looking at the Rakyat’s Suggestions

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.

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Budget 2019 Malaysia: Revisiting Budget 2018 Malaysia

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.

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Price Controlled Items This Deepavali

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.

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Outstanding Income Tax Refunds in the past years? Get it back in 2018 – LGE

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 […]

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It’s Good To Be A Selangorian!

Cozy neighborhood, amenities within a stone’s throw are just two things to describe Selangor. What if I told your there’s 13 more! Lets dive straight into some of the perks being a Selangorian.

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7 Tax Exemptions in Malaysia You Should Know About

[Updated on 30th July 2018] 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.

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Comparing SST VS GST: What’s The Difference?

The reintroduction of the Sales and Services Tax (SST) will see its rate set at 10% for sales and 6% for services. How does SST compare against GST and what does it mean for us? Find out here!

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Tabung Harapan Malaysia: Hope Fund For Malaysia By Malaysians

KUALA LUMPUR, July 11 — According to the Ministry of Finance, the crowd fund has received RM144,636,944.31 as of 3pm today. Since its launch on 30th May 2018, Malaysians have been actively donating to the Tabung Harapan Malaysia (THM) fund in major efforts to help settle the national debt. In just under one month, the fund […]

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