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In the Budget 2010,stamp duty exemption would be available for buyers of buildings and residential properties that have been issued a Green Building Index (GBI) certificate. Details: The GBI is a rating index for environmentally-friendly buildings. The stamp duty exemption would only apply to buildings or residential properties bought directly from real property developers [...] The proposed tax deduction on the expenses incurred on the registration of trademarks will only apply to companies which have a paid-up capital in respect of ordinary shares of RM2.5mil and less at the beginning of the taxable period. Details: The company should not be related to a company which has a paid-up capital in [...] If a person apply and commence his or her employment in Iskandar Malaysia between Oct 24,2009 and Dec 31,2015,provided that he or she is qualify as a Malaysian tax resident,his/her employment income will be taxed at the flat rate of 15%. This could be substantially lower compared to the effective tax [...] The following is 2010 Budget Highlights in brief: Malaysian Economy: Malaysia economy to grow 2-3 per cent in 2010 Mining to grow 1.1 per cent,manufacturing sector 1.7 per cent,agriculture 2.5 per cent,construction 3.2 per cent and service 3.6 per cent. Private consumption expand 2.9 per cent while private investment 3.4 per centPer capita [...] Singapore which is one of the strategic financial centre in Asia has recently tightened the screws on cross-border tax cheats and complying with stricter standards for world banking centres. Earlier,Singapore has been in the grey list of countries that have not fully implemented the standards or principles drawn up by the Organization for Economic [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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