Income Tax Budget....? or Electoral scheme budget?
Assalamualaikum w.b.t.,
Many peoples now start talking about what do we prefer or dreams for this coming 2012 budget..
My answer is to see total change after more than 20 years being cheated and would like to see Islamic management ways adapted and being implemented in Malaysia.
Since most people talk about income tax balance I will still prefer on tax deduction or exemption scheme being revised, in such for personal income tax:
1) Tax deduction on pre-school fees spent upto RM3000.00 for each children
2) Tax deduction for medical expenses spent at private hospital / clinic / alternative medication
3) Increase tax deduction on Life Takaful or Insurance to upto RM20,000.00 ( to promote saving and prepare for better retirement)
4) Tax deduction for all spent fees for personal/children education at university/collegue/pondok/etc
5) Increase tax deduction on Education / Health Takaful or Insurance to upto RM10,000.00 or more
6) Tax deduction on sport equipment being increased to RM2000.00
7) Tax deduction on books being increased to RM5000.00
8) Tax deduction on others should also revised.
Why tax deduction need to be increased? The main reason is due to currently "rakyat" is subsidizing government by paying for the good quality of basic amenities that should be provided by the honest and concern government. And, I believe the service provider for item 1 to 7 are also paying their tax..
Do I still dreaming? I think so...
Many peoples now start talking about what do we prefer or dreams for this coming 2012 budget..
My answer is to see total change after more than 20 years being cheated and would like to see Islamic management ways adapted and being implemented in Malaysia.
Since most people talk about income tax balance I will still prefer on tax deduction or exemption scheme being revised, in such for personal income tax:
1) Tax deduction on pre-school fees spent upto RM3000.00 for each children
2) Tax deduction for medical expenses spent at private hospital / clinic / alternative medication
3) Increase tax deduction on Life Takaful or Insurance to upto RM20,000.00 ( to promote saving and prepare for better retirement)
4) Tax deduction for all spent fees for personal/children education at university/collegue/pondok/etc
5) Increase tax deduction on Education / Health Takaful or Insurance to upto RM10,000.00 or more
6) Tax deduction on sport equipment being increased to RM2000.00
7) Tax deduction on books being increased to RM5000.00
8) Tax deduction on others should also revised.
Why tax deduction need to be increased? The main reason is due to currently "rakyat" is subsidizing government by paying for the good quality of basic amenities that should be provided by the honest and concern government. And, I believe the service provider for item 1 to 7 are also paying their tax..
Do I still dreaming? I think so...
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