It is proposed that 100% of the value of increase in exports would be exempted from tax in respect of services provided to foreign clients in Malaysia. The value of the increase in exports is taken to mean the difference of the value of the qualifying services exported in the current period and that of [...]
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Green Building Index was developed by Pertubuhan Akitek Malaysia and the Association of Consulting Engineers Malaysia. It was launched on May 21,2009 Under the GBI assessment framework: [...] 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 [...] 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 [...] |  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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