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2021-12-18 13:59 | Report Abuse
KUALA LUMPUR: The one-off windfall tax or Cukai Makmur (Prosperity Tax) announced last Friday in the 2022 Budget is estimated to generate at least RM3 billion in revenue for the government.
Deputy Finance Minister II Yamani Hafez Musa said the tax will be imposed on companies with taxable income of more than RM100 million in 2022.
"The first RM100 million taxable income is taxed at a rate of 24 per cent and the rest at a rate of 33 per cent on a 'one-off' basis.
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2021-12-18 13:53 | Report Abuse
Supermax is Malaysian company right? If supermax remit its foreign source income earned back to Malaysia also kena tax 3% to 24% next year right?
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2021-12-18 13:50 | Report Abuse
Topglov is Malaysian company right? If topglov remit its foreign source income earned back to Malaysia also kena tax 3% to 24% next year right?
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2021-12-18 11:54 | Report Abuse
If the foreign-sourced income is received in Malaysia by residents during the period of Jan 1, 2022, to June 30, 2022, the Malaysian government is offering a low rate of 3% of the gross amount. I surmise that this is like a promotional offer to encourage residents to bring their money home.
By implication, if the remittance occurs after June 30, 2022, the amount will be aggregated with the other sources of income and be subject to tax at the respective tax rates. This means that a resident company will be taxed at 24% while the resident individual will suffer the tax rate applicable to his income band.
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2021-12-18 11:54 | Report Abuse
If the foreign-sourced income is received in Malaysia by residents during the period of Jan 1, 2022, to June 30, 2022, the Malaysian government is offering a low rate of 3% of the gross amount. I surmise that this is like a promotional offer to encourage residents to bring their money home.
By implication, if the remittance occurs after June 30, 2022, the amount will be aggregated with the other sources of income and be subject to tax at the respective tax rates. This means that a resident company will be taxed at 24% while the resident individual will suffer the tax rate applicable to his income band.
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2021-12-18 11:53 | Report Abuse
If the foreign-sourced income is received in Malaysia by residents during the period of Jan 1, 2022, to June 30, 2022, the Malaysian government is offering a low rate of 3% of the gross amount. I surmise that this is like a promotional offer to encourage residents to bring their money home.
By implication, if the remittance occurs after June 30, 2022, the amount will be aggregated with the other sources of income and be subject to tax at the respective tax rates. This means that a resident company will be taxed at 24% while the resident individual will suffer the tax rate applicable to his income band.
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2021-12-18 08:45 | Report Abuse
Political observers believe GPS will win this election, PSB and DAP to take some seats
BY CHURCHILL EDWARD ON DECEMBER 17, 2021, FRIDAY AT 7:02 AM12TH SARAWAK ELECTION, SARAWAK
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2021-12-18 08:45 | Report Abuse
Political observers believe GPS will win this election, PSB and DAP to take some seats
BY CHURCHILL EDWARD ON DECEMBER 17, 2021, FRIDAY AT 7:02 AM12TH SARAWAK ELECTION, SARAWAK
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2021-12-18 08:44 | Report Abuse
Political observers believe GPS will win this election, PSB and DAP to take some seats
BY CHURCHILL EDWARD ON DECEMBER 17, 2021, FRIDAY AT 7:02 AM12TH SARAWAK ELECTION, SARAWAK
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2021-12-17 19:59 | Report Abuse
Hadi under fire over 'only Muslim bumi' can rule Sarawak
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2021-12-17 19:56 | Report Abuse
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2021-12-17 14:27 | Report Abuse
Abdul Latiff Abdul Rahman (PN-Kuala Krai) also raised the issue of Muslim employees at convenience stores who are required to sell alcohol beverages to customers.
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2021-12-16 07:21 | Report Abuse
On Wednesday, Abdul Latiff started the polemic over how Malaysian air stewardesses were wearing “revealing” clothes and he wanted the Government to state its stand on the matter.
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2021-12-15 16:12 | Report Abuse
Better don't choose bloc. Earn their money is more important. This 2 elephants fight, we better mind our own business.
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2021-12-15 16:02 | Report Abuse
Tonnes Of Palm Oil From Malaysia Until 2023, Says Hishammuddin
https://mpoc.org.my/china-to-buy-1-7-million-tonnes-of-palm-oil-from-malaysia-until-2023-says-hishammuddin/
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2021-12-15 16:02 | Report Abuse
What happen if Malaysia follow USA anti China?
What happen to the relationship with China from good to bad? What benefits and what losses?
Will it affect the country economy and also Bursa?
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2021-12-15 10:55 | Report Abuse
Yang dipertua negeri Sarawak ditukar kepada Yang dipertua Wilayah Sarawak. Dewan undangan negeri Sarawak menjadi Dewan Wilayah Sarawak.
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2021-12-15 10:15 | Report Abuse
Mereka datang dgn motif melagakan negara ini untuk bermusuhan dengan negara China. Tidak perlu cakap pun semua orang tahu.
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2021-12-15 09:50 | Report Abuse
Mereka datang dgn motif melagakan negara ini untuk bermusuhan dengan negara China. Tidak perlu cakap, pun semua orang tahu.
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2021-12-15 09:50 | Report Abuse
Mereka datang dgn motif melagakan negara ini untuk bermusuhan dengan negara China. Tidak perlu cakap pun semua orang tahu.
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2021-12-15 07:58 | Report Abuse
The Malaysia consists of 3 countries: Malaya, Sarawak and Sabah.
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2021-12-15 07:55 | Report Abuse
The United Kingdom consists of four countries: England, Scotland, Wales and Northern Ireland.
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2021-12-14 19:39 | Report Abuse
Menjadi negeri Suci seterusnya.
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2021-12-13 15:54 | Report Abuse
WASHINGTON: US consumer prices rose last month at a rate not seen in nearly 40 years, the government reported Friday, underscoring how inflation threatens the world's largest economy and President Joe Biden's public support.
The Labor Department's consumer price index (CPI) jumped 6.8 percent compared to November of last year, its biggest gain since June 1982 as prices for gasoline, used cars, rent, food and other goods continued to climb.
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2021-12-18 13:59 | Report Abuse
KUALA LUMPUR: The one-off windfall tax or Cukai Makmur (Prosperity Tax) announced last Friday in the 2022 Budget is estimated to generate at least RM3 billion in revenue for the government.
Deputy Finance Minister II Yamani Hafez Musa said the tax will be imposed on companies with taxable income of more than RM100 million in 2022.
"The first RM100 million taxable income is taxed at a rate of 24 per cent and the rest at a rate of 33 per cent on a 'one-off' basis.