Budget 2008
One word: Disappointing.
Sigh.
From the list of goodies in The STAR online, I only found 3 which might bring some cheer to me and my family:
1. Beginning the 2008 school session, the Text Book Loan Scheme will be provided to all students, irrespective of their families’ income and with no restrictions on the number of eligible children. With this, 5.7 million students will benefit from this Scheme compared with 4.5 million students currently. With these measures, schooling in Malaysia is now completely free.
2. To ease the burden of home loan repayment, the Government will allow EPF contributors to make monthly withdrawals from the balance in Account 2. The scheme will be effective 1 January 2008 and is for the financing of one house. This is a major move, which will benefit 5 million active EPF contributors. This scheme will enable contributors to own better houses than they could otherwise afford as well as lessen their monthly financial obligations. This scheme will make available up to RM9.6 billion annually for the purchase of houses.
3. In addition, to promote healthy lifestyle among Malaysians, the Government proposes that individual tax relief of up to RM300 a year be given on the purchases of sports and exercise equipment.
And one that caused me concern (mainly because I don’t know what it meant!):
What service tax are they talking about??!!!
All in all, disappointing, very disappointing.
I have to find ways to evade tax again. Sigh.
Fri, 070907 @ 1946











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