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The federal budget is a major state financial plan for the fiscal year, which has the force of law after its approval by the Malaysian parliament and signed into law by the Yang di-Pertuan Agong . Revenue estimates detailed in the budget are raised through the Malaysian taxation system, with government spending representing a sizeable ...
The Malaysian federal budget for 2016 fiscal year was presented to the Dewan Rakyat by Prime Minister and Minister of Finance, Najib Razak on Friday, 23 October 2015. Summary [ edit ] Official sources Archived 4 March 2016 at the Wayback Machine (Malay version)
In Malaysia, the corporate tax rate is now capped at 25%. Nevertheless, a company eligible for a certain tax incentive might only pay an average effective tax rate of 7.5%, with only 30% of the company's profit being subjected to tax. This is a good example of how the companies benefit through the incentives provided by the Malaysian Government.
The Malaysian Communications and Multimedia Commission (Abbreviation: MCMC; Malay: Suruhanjaya Komunikasi dan Multimedia Malaysia or SKMM) is a regulatory body whose key role is the regulation of the communications and multimedia industry based on the Malaysian Communications and Multimedia Commission Act 1998, the Communications and Multimedia Act 1998, and the Strategic Trade Act 2010.
The government raises special allowances for healthcare workers from RM400 to RM600 a month from 1 April until the end of the pandemic. Additional special allowance of RM200 per month for frontliner for police, immigration, Customs Department, Malaysian Civil Defence Force and RELA Corps personnel. Aid of RM1,600 to households earning less than ...
The Government of Malaysia, officially the Federal Government of Malaysia ( Malay: Kerajaan Persekutuan Malaysia ), is based in the Federal Territory of Putrajaya, with the exception of the legislative branch, which is located in Kuala Lumpur. Malaysia is a federation comprising the 11 States of Malaya, the Borneo States of Sabah and Sarawak ...
Trainees were initially given a RM300 allowance by the government. Beginning in January 2008, this amount was raised to RM150/month, or RM450 total. Trainee allowances come in the form of a Sijil Simpanan Premium (Premium Savings Certificate) from Bank Simpanan Nasional, or an account with Agro Bank Malaysia.
Employees' Provident Fund ( EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector ...