and 2 items missing...
1) i heard the taxable income had increased to RM3500 from RM2500
2) another is the timeframe of GST implementation

The RM50 is going to have the least impact on those who are the least prudent in their spending.

If you are already not prudent, what's another RM50? Just more imprudent spending.

do u have any source of it? quite interesting for this part

True.. should have taxed the second credit card like the other guy said.

While I agree with this point, the government would just say there're always debit cards, which is as handy, and as per their cause, avoids debt.

u sure about this? government will lost a lot of income taxes since alot middle incomer come from this range

i just apply my credit card, now i have to cancel it..stupid decision from the government.

"Offer a netbook package, including free broadband service, to university students for RM50 per month for 2 years"

I wonder what broadband they provide?

@Gen-X,
Yup I too am quite satisfied with the stuff you're satisfied with. Hm.. 25% instead of 26% huh? Well look on the bright side, U've saved 1% *smiles* I definitely don't reach it so that doesn't benefit me

So.. u going to move over to Johor?! *grins*

@ak.hazwan,
The RM500 is just a tax relief; it helps and is better than nothing *smiles*

@klang-valley,
The T&C to your new CC is no longer updated; will have to wait for new direction and instruction from the bank pending today's Budget announcement.

i heard it from radio discussion... i heard it clearly...
bcoz najib said that he wish to transform this country to a high income country...

@tgrrr,
I'm quite sure the banks will come up with something; maybe embed it as part of the annual fees and be stricter with FFL cards *shrugs* Your guess is as good as mine but we'll just haf to sit and wait to see what's going to happen.

@sharinginfoz,
I'm sure a lot of people will be cancelling cards. I know for a fact there are forummers here who hold up to 15 different credit cards. With this announcement, I'm quite sure they will no longer want to just keep those CC for keepsake.

@! Love Money,
You're absolutely right. I sort off expected some form of announcement on GST but I guess we're just not ready. This is good news for us; and really I don't think it's a good time to introduce GST lah. Imagine if we had to pay 10% extra for everything we purchase? I mean come on lah..... we're just still getting used to the increased in everything else due to the stewpid petrol issues !

@bingozero,
It only makes sense if our MY government used our own infrastructure hence I would v much think it'll be TM.

Yeah, should make it free for the 1st two CC. It always useful to have another one for backup since sometimes the reader cannot read the smartcard.

should be the basic...sufficient for online info looking is enof...probably the 384kbps plan...
jz wonder majority Undergrad is now on 3years programme, if not 4
this offer to undergrad is valid for 1st year, or from poor...
what will happen when they reach 3rd or 4th year?

regarding CC thing....
i doubt it would works....
who knows....bank actually will absorb it based on what group of user u are...
like how they waive the annual fee for u....
its a hard economy still...."moving good" is what says by the official, not realistic at all...
bank is realistic...obviously wont want a policy which can stir their client away to impact them....
they will find a way...to waive or absorb it....

frankly oso...this onli make those who already on smart/budget-conscious user mad (what?! i paid on time stil wanna tax me this)
those who have a huge debt on their card and always never clear off the debt 1 is the one they need to after....and for this group of ppl...adding RM50 to their total debt per year probably jz a small amount... LOL

just checked theedge news...



so means u will able to substract up to RM500 from ur taxable income...

@! Love Money,
It's not a RM500 rebate, it's a RM500 tax relief.

as for the RM50 tax on credit cards, it's not something new.. it was introduced in 1997 and later removed in 2001.. so now in 2010, it's re-implemented.
I don't believe the bank will absorb RM50 for the customer simply because there are round about 11mil cc holders in 2009. If all the banks were to absorb, RM50 x 11mil.
You do the math!
Secondly, I believe the government will not allow banks to absorbs as that would actually go against the whole idea of promoting prudent spending.

A friendly reminder, please use signature function for the blog site link and do a favour don't include in every post made. <-- overly misuse can be irritating to other.

Thank you for the cooperation.

u see..tats the thing...

promote prudent spending....

how u measure or justify tat....

number of credit cards????

wat if we put such scenario: a person, with 3-4 CC, but paid up all bills every month; another one, one, or may b two CC, but owing debt of 10k+ in those cards.
so, promote prudent spending by charging tax on number of card????

a tax on card don help, those who already prudent spending will remain so, and those who don, will still never, regardless how many card there

lame excuse to say this is to promote that....

Gov never failed to take advantage of the situation.

ohh... sorry,my bad...
then i understand now...

@andrekua,
It could haf been worst if they introduced GST in 2010!