Geng!

May I know what is SCB?

Next launch may be 600k above. ok for you this budget?

Boss Cheryee, really a working boss. own so many
luxury cars....+ 2 biji plavia

GST 6% start from Year 2015

Malaysiakini sudah cakap...

UALA LUMPUR: A 6% Goods and Services Tax (GST) rate and a new income tax structure, abolishment of the 34 sen sugar subsidy and increased BR1M payments were the highlights of the 2014 Budget presented by Datuk Seri Najib Tun Razak in Parliament on Friday.

He said a one-off cash assistance of RM300 to households who are BR1M recipients would be given when GST is implemented on April 1 2015.

He said to lessen the burden of the people, individual income tax rates would be reduced by 1 to 3 percentage points for all tax payers to increase disposable income.

Sale, purchase and rental of residential properties as well as selected financial services were exempted from GST. Similarly, GST would be excluded in transportation services such as bus, train, LRT, taxi, ferry, boat, highway toll and education & health services.

Najib said the 6% GST rate would be among the lowest in Asean countries, with Indonesia, Vietnam, Cambodia the Philipines & Laos capping theirs at 10% and Singapore 7%.

On the abolishment of sugar subsidy, Najib said it was due to the high diabetic rate among Malaysians under the age of 30.

“Statistics indicate that 2.6 million Malaysians under the age of 30 are diabetic. If left untreated, patients will face various complications such as heart disease, kidney failure, blindness and amputation,” he said.

Highlights of Budget 2014:

1. The theme for Budget: Strengthening Economic Resilience, Accelerating Transformation & Fulfilling Promises with 5 main thrusts.

- Thrust 1: Invigorating Economic Activity;

- Thrust 2: Strengthening Fiscal Management;

- Thrust 3: Inculcating Excellence in Human Capital.

- Thrust 4: Intensifying Urban and Rural Development;

- Thrust 5: Ensuring Well-Being of the Rakyat


2. For 2013, domestic economy is expected to expand between 4.5% and 5%. Growth supported by private investment, increasing 16.2% to estimated RM165bil.

3. Nett FDI was higher at RM18.2bil in 1st half of 2013, compared with RM15.9bil during the same period in 2012.

4. Private & public consumption expected to grow 7.4% and 7.3% respectively mainly supported by strong domestic economic activity.

5. Export of goods are expected to grow at 2.5%.

6. In 2014, construction sector is expected to grow at 9.6% and followed by services sector at 5.7%.

7. Unemployment rate for Budget 2014 is estimated at only 3.1% whereas inflation rate remains lowest at 2% to 3%.

8. The per capita income for 2014 is expected to reach RM34,126. That is 37% higher than RM24,879 in 2009.

9. We are confident of achieving the target per capita income of RM46,500 (USD15,000) in 2020.

10. It is even possible that we will achieve developed nation status much earlier than 2020.

11. Budget 2014 will allocate a total of RM264.2bil to implement programmes & projects for the rakyat’s well-being & development.

12. In 2014, the Federal Government revenue collection is estimated at RM224.1bil, an increase of RM4bil from 2013.

13. The Federal Government fiscal deficit will further decline from 4% of GDP in 2013 to 3.5% in 2014. This indicates the commitment towards fiscal consolidation to further strengthen the financial position of the nation.

14. Private investment is expected to reach RM189bil (17.9% GDP) in oil & gas, textile, transportation & property.

15. Public investment is expected to reach RM106bil in 2014 Budget.

Projects to be implemented: West Coast Expressway from Banting-Taiping (316KM); Double-tracking projects Ipoh-Padang Besar & Gemas-JB.

In the oil & gas sector, among projects to be undertaken by Petronas include the Sabah Ammonia Urea Project (SAMUR) in Sipitang. The integrated oil & gas production development project in Kebabangan, the regasification plant project in Lahad Datu, Sabah; and RAPID in Pengerang, Johor, which is the largest investment in Malaysia.

16. The government will continue to encourage investment in 5 regional economic corridors. As at 2012, RM124 billion investment realised. For the first 9 months of 2013, all regional corridors attracted committed committed investment of RM53.4 billion with 50% realised.

17. For 2014, the government will provide RM1.6 billion for development in the 5 regional corridors.

18.. The services sector is the key contributor to economic growth and has huge potential for further development.

19. Govt will launch Services Sector Blueprint in 2014 to outline strategies, measures & identifies potential subsectors.

20. Govt will formulate a Logistics Sector Master Plan to provide strategic direction for development of logistics infrastructure & supply chain.

21 RM1.2 billion allocated for operating and development expenditure in 2013 and 2014 to implement Visit Malaysia Year 2014 programmes, targeting 28 million tourists. To make Malaysia as the destination of choice, we will encourage investment to build new 4 and 5 star hotels.

24. The government has implemented the High-Speed Broadband (HSBB) project under the National Broadband Initiative. To expand coverage in major towns, we will implement 2nd phase of HSBB in collaboration with private sector involving RM1.8bil investment. This is expected to provide more coverage in urban areas, benefiting 2.8 million households. Internet speed will be increased to 10 Mbps.

25. For Sabah & Sarawak, to enhance the internet speed coverage, underwater cables will be laid over 3 years - RM850 million.

26. GST to be enforced 1 April 2015 at rate 6%. This is lowest in Asean. One-off payment of RM300 to BR1M when GST is implemented.

27. Tax deduction for companies that invest to acquire technology platform in bio-based industry. Exemption on import duty on R&D equipment for companies that invest in pilot plants for the purpose of pre-commercialisation in M’sia.

28. Government plans to increase its contribution in 1Malaysia Pension Scheme from 5% to 10%, or from a maximum of RM60 to RM120 per year; effective Jan 1, 2014 to end-2017.

29. 1Malaysia Entrepreneurs (1MeT) will be implemented to give the entrepreneurs exposure in business.

30. To encourage graduates to do business, RM50 million is allocated under Tabung Usahawan Siswazah.

31. The govt is committed to reducing the fiscal deficit gradually, will ensure Federal debt level remain low & not exceed 55% of GDP.

32. RM50 million allocated under Graduate Entrepreneurship Fund to provide soft loans of up to RM500,000 at 4% interest rate with a view to reducing graduate unemployment.

33. To encourage Minimum Wage Policy compliance, further tax deduction proposed with regard to the difference in the wages paid by employers in 2014.

34. RM100mil allocated for creation of Night Market Traders Entrepreneur Scheme; soft loans to carry 4% interest rate, with maximum loans of up to RM30,000.

35. Establishment of Integrity Management Unit in each ministry to enhance integrity; officers from Malaysia Anti-Corruption Commission to be represented in the unit.

36. Government to conduct audit on projects valued at more than RM100 million during their implementation phase.

37. To facilitate tax payers with employment income whose monthly tax deductions (MTD) have been made, it is proposed that they are not required to submit tax returns if satisfied their MTD is a final tax; proposal effective from assessment year 2014.

38. Subsidy programme to be gradually restructured; a portion of savings from restructuring to be distributed in the form of direct cash assistance with the other half to finance development projects.

39. The Government is committed to accelerating academic achievement, competencies and skills. Towards this, the Government will allocate a sum of RM54.6 billion or 21% of the total allocation in 2014.

40. RM530 million allocated for pre-school programmes as well as set up 93 pre-schools in national-type primary school.

41. Allocation of RM600 million in research grants for public institutions of higher learning for improving the status of research universities by increasing research and the number of articles for publications in international journals.

42. Implement a single tier for the Malaysian Skills Certificate course Levels 1 to Level 3 for 6 months in all Industrial Training Institutes under the purview of Manpower Department (JTM).

43. Government to continue to provide the 1Malaysia Book Voucher Programme valued at RM250 to each
student. The initiative is expected to benefit 1.3 million students involving an allocation of RM325 million.

44. In the fight against serious crime, the Government has allocated RM200 million to equip PDRM with the latest tools and equipment such as firearms, ammunition, bulletproof vests, narcotic detectors, biometric systems and forensic vehicles. The Government also will provide 496 closed-circuit cameras (CCTV) in 25
local authorities involving an allocation of RM20 million.

44. To strengthen the development of green technology, the Government will provide investment tax allowance for the purchase of green technology equipment and income tax exemption on the use of green technology services and system.

45. To encourage a green lifestyle, Malaysian Green Foundation will be established to promote and enhance use of green technology by the corporate sector and the general public. For this, a launching grant of RM15 million will be provided to the Foundation.

46. The Government proposes to abolish the sugar subsidy of 34 sen effective 26 October 2013.

47. The Government to purchase four special buses for the implementation of the Mobile Family Centre which will provide advisory services related to family matters; dietary requirements; screening for chronic disease; as well as testing for glucose and cholesterol.

48. RM100 million allocated for enhancing education performance and skills training, including RM28 million for early education programmes, involving 176 Tamil pre-schools and i-Sinar programmes.

49. Real Property Gains Tax (RPGT). For gains on properties disposed within the holding period of up to 3 years, RPGT rate is increased to 30%, whereas for disposals within the holding period up to 4 and 5 years, the rates are increased to 20% and 15%, respectively. For disposals made in the sixth and subsequent years, no RPGT is imposed on citizens, whereas companies are taxed at 5%.

50. RM100 million will be provided to 1Malaysia Maintenance Fund under the Ministry of Urban Well-being, Housing and Local Government. The Government will also allocate RM82 million to rehabilitate 20 abandoned housing projects involving 8,197 houses.

51. Tax Relief for Middle-Income Group. Government proposes a special tax relief of RM2,000 be given to tax payers with a monthly income up to RM8,000 received in 2013. This measure will result in tax savings up to RM480. This group is already enjoying tax savings up to RM475 on income received in 2013 with the reduction of tax rates announced by the Government in the last Budget.

52. BR1M to households with a monthly income of below RM3,000 increased from RM500 to RM650; and for the first time, BR1M assistance of RM450 to be extended to households with monthly income of between RM3,000 and RM4,000.

53. BR1M increased from RM250 to RM300 for single individuals aged 21 and above and with a monthly income not exceeding RM2,000.

54. Pensioners will receive a special financial assistance of RM250 to assist them meet the rising cost of living.

55. For civil servants, half-month bonus for 2013 with a minimum payment of RM500 to be paid in early January 2014.

56. RM100 schooling assistance to all primary and secondary school students as well as RM250 book vouchers to continue, with allocations of RM540 million and RM325 million respectively.

57. RM1.2 billion allocated to build and upgrade dams and water treatment plants to increase coverage of water supply to 100%, especially in urban areas.

Full details as above

You try to enter the Riana Green Sales, The sales fella
never peduli you at all.