Attention to all fellow Malaysian employees, Employees Provident Fund (EPF) has just declared a dividend rate of 5.65 per cent for the financial year ended 31st DEC 2009, which is 1.15 per cent higher than the 4.5 per cent paid out for year 2008.
Since its inception in 2005, iProperty Expo will enter its 11th series tomorrow! The expo is an event that brings together the world’s finest luxury and investment properties showcase for the most discerning home buyers and investors. There will have a 50 percent increase in booth investments from exhibitors in the upcoming event, compared to the last one held in FEB 2009. You will see more developers coming in to participate, with top players like SP Setia, Mah Sing, Sime Darby, IJM and more.
Do you still remember the Real Property Gains Tax (RPGT) on all properties sold being announced during the 2010 Budget? Now, there is an alteration on it. The five percent RPGT will now only be applicable to properties that are sold within five years of their purchase, commence on 1st JAN 2010.
Commence from 3rd JAN 2010, the self-employed, a significant category of individuals who have no formal retirement savings scheme, such as farmers, fishermen, taxi drivers, petty traders, freelancers, singers, actors or business owners, can contribute to the EPF 1Malaysia Retirement Savings Scheme. This is announced by the Prime Minister during the tabling of the 2010 Budget in OCT 2009 for helping the self-employed cope with income inadequacy during retirement.
Do you still remember the new RM50 for principal credit card or charge card and RM25 for supplementary card service tax announced by Malaysia Prime Minister Datuk Seri Najib Tun Razak when he unveiled Budget 2010 in OCT 2009? Now you may get some clarification from Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah regarding the credit or charge card RM50 service tax issue.
Malaysia Budget 2010 was announced on 23rd October 2009 at 5.30 pm, have listened or read what the Prime Minister of Malaysia has mention? If not, you can download the text of of the 2010 Budget speech at Malaysia treasury website: http://www2.treasury.gov.my/index_bi.html
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