All Articles With Category : Budgets & Tax

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

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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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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How Serious Is Malaysia’s RM1 Trillion Debt?

Let’s get the facts straight; Malaysia has financial obligations amounting to RM1.087 trillion ringgit, as at December 31, 2017. This includes Federal Government Debt, Government Guarantees, and lease payments for Public Private Partnership (PPP) projects such as construction of schools, hostels, rental, maintenance of roads, police stations, hospitals, etc. The official Federal Government Debt of RM686.8 billion equates […]

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Understanding Living Wage in Malaysia

Bank Negara Malaysia (BNM) recently introduced the concept of “Living Wage” and it created quite a bit of confusion. It really is guide on what is acceptable as minimum living standards, it is not a minimum wage indicator nor a benchmark to assess poverty. Here we’ll explain what a “Living Wage” is and how it impacts […]

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Income Tax For Foreigners Working in Malaysia 2019

The first thing that should be noted is that in Malaysia and most other countries there are different ways that expats are classified based on the time they worked in the country.

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What’s The Penalty For Filing Your Income Tax Late?

Updated May 1, 2018 As the first deadline to file your income tax has just passed, you may be wondering what could happen if you file your taxes late?

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The Complete Malaysia Personal Income Tax Guide 2018 (YA 2017) [INFOGRAPHIC]

It’s tax filing season again! Do you know how to file your personal income tax? Is this your first time or are you one of those who forgets the details (as this only happens once a year). That is why we have made a quick guide to file your income tax 2018. Related: [LIVE] Budget 2019 Malaysia […]

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A Checklist To Maximise Your Income Tax Relief

2017 is winding down and before we enter 2018, here is what you can do to save money  through income tax relief.

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6 Bantuan Kerajaan di Malaysia Yang Tidak Diketahui Ramai

Di Malaysia, selain BR1M atau Bantuan Rakyat 1 Malaysia untuk membantu golongan yang berkelayakan, terdapat banyak subsidi dan bantuan kerajaan di Malaysia yang mungkin anda tidak ketahui.

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What Is Missing From Budget 2018? Here Are What The Experts Think

After the Budget 2018 announcement, we spoke to several experts in the personal finance industry for their opinions. Throughout the article, we will highlight some of the policies and arguments made by the experts towards the effectiveness and efficiency of the policies.

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Bajet 2018: Will the Rakyat Get What They Want?

Prime Minister Datuk Seri Najib Abdul Razak will be tabling the 2018 Budget later this month on Friday, 27 October 2017. There has been much speculation about what will be put forward but let’s take a look at some of the more common requests from the rakyat. How do we keep up with the rising […]

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Bajet 101: Langkah Menyediakan Penyata Pendapatan Peribadi

Ramai antara kita yang tahu akan kepentingan untuk pengurusan kewangan peribadi dan merekodkan semua perbelanjaan, namun realitinya tidak ramai yang melakukannya. Bagaimana untuk bermula?

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For Millennials Living On A Tight Pay Check: Listen To Our Interview on TraXX FM Here! [Podcast]

Following our recent article: (Are Millennial Financially Screwed?), we were featured on TraXX FM and were really glad the radio station was focused on this issue as many millennials seem to be losing control of their finances.

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How To Apply For 6 Malaysian Government Welfare Benefits & Social Assistance

Aside from BR1M, or Bantuan Rakyat 1 Malaysia to ease the burden of Malaysia’s low-income households, there are many other government aids and subsidies that you may not be aware of. Here are 6 other government aids and subsidies to help ease your burden during the turbulent economy.

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The #30DaysBudgetHero Challenge: Completing Ramadhan on RM1,000

Updated: 30 June 2017 Inspired by my colleague and senior writer, Shen, who successfully completed his 30 Days Budget Hero Challenge on RM700, I’m now embarking on a challenge of my own. The challenge? To complete the month of Ramadhan on RM1,000 and this includes preparations for Hari Raya this year. The Inspiration Behind the […]

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The Cost of Living Battle: Kuala Lumpur Vs. Johor

Following the comparison article of The Cost Of Living Battle: Kuala Lumpur Vs. Penang, CompareHero.my decided to take up another comparison between our capital city and Johor, the nearest state to the developed and neighboring economy, Singapore. Johor Bahru was listed as one of the top ten most affordable cities for people to work in […]

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The Cost of Living Battle: Kuala Lumpur Vs. Penang

Kuala Lumpur is the cheapest city to live in within Southeast Asia, according to the latest findings by The Economist Intelligence Unit. But have you ever wondered how the cost of living in the capital city, Kuala Lumpur compares to the rest of the cities in our country?

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Budget 101: How to Create a Personal Cash Flow Statement

This will be the third part of our ongoing series on personal financial statements. The topic this time is your personal cash flow statement. If you’ve read our previous entries on making a personal income statement and creating a personal balance sheet, you already have a good system in place to keep you financially healthy. […]

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