Post Budget 2014: Tax Relief..

Emmm!!!  I didn't see any fair tax here.

What happen if in a family only husband working and the monthly income is at RM8500? Comparing to both wife and husband working?

What I see, Islamic Zakat is the fairest. 2.5%. 

So who will benefit?

TAX RELIEF
* Government proposes a special tax relief of RM2,000 be given to taxpayers with a monthly income up to RM8,000 received in 2013.

CORPORATE TAX
* Corporate income tax rate be reduced by 1 percentage from 25% to 24%.
* Income tax rate for small and medium companies will be reduced by 1 percentage point from 20% to 19% from the year of assessment 2016.

INCOME TAX
* Government to give one-off cash assistance of RM300 to low income group
* Personal income tax rates be reduced by 1 to 3 percentage points for all tax payers.
* Individual income tax structure will be reviewed
* Chargeable income subject to the maximum rate will be increased from exceeding RM100,000 to exceeding RM400,000.
* Current maximum tax rate at 26% to be reduced to 24%.
* Measures to be effective in 2015.

Comments

Popular posts from this blog

Adakah Anda Tahu Apa Itu AKPK?

Contd' Melaka Coconut Shake, Kuantan Murtabak Mengkasar and Kepala Batas Ikan Bakar

Pelepasan Cukai Taksiran Tahun 2022, e-FIling Cukai 2023 (Dikemaskini 20/DEC/2022)