- Corporate tax to be further lowered by 1% to 26% for 2008
- EPF members can use savings to offset monthly repayments
- Scheme to enable people to own better homes
- RM9.6 billion will be made available for the scheme
- 50% stamp duty exemption on ownership transfer up to maximum of RM2,000.
- RM50 million fund to guarantee housing loans taken by those without fixed income
- RM381 million for low-cost housing programmes
- RM887 million to build quarters for civil servants.
- Textbook Loan Scheme to be extended to all pupils
- 5.7 million pupils to benefit compared with 4.5 million currently
- Annual fee for primary and secondary schools abolished
- Examination fee for Sijil Tinggi Agama Malaysia abolished
- Import duty and sales tax waived on broadband equipment and consumer access devices
- Companies to enjoy tax deduction on computers and broadband subscription given to employees
- Employees receiving such benefits in kind exempted from tax
- Cost of living allowance (Cola) for scholarship to be increased by between 23% - 84%
- Scholarship holders overseas to get 97% increase in Cola
- Tax relief of RM5,000 for all postgraduate studies
- Human resource Development Fund can be used for Master's and Doctoral studies.
- Construction industrial Development Board to set aside RM100 million to train 50,000 workers under the Masterskills Training Programme
- RM236 million to provide infrastructure and technological facilities
- Bionexus-status companies to be allowed to use laboratories and research facilities at local universities.
- RM12 billion for Kuala Lumpur and Penang over 4 years
- Road and rail improvements in Sabah and Sarawak
11. Help for Single Mothers
- RM782 million to help women, especially single mothers
- Project include skills training
- RM10 million to NGOs to train housewives in baby and childcare as a business
- RM2 billion bond for those aged 55 and without permanent jobs
- Maximum limit RM50,000 per person
- Maturity period of 3 years
- 5% return per annum
- Higher allowance of RM300 (previously RM200) for needy senior citizens from 1 Jan 2008
- Special education teachers' monthly allowance to go up to RM250 from RM100
- Graduate substitute teachers' allowance goes up to RM150 per day (previously RM85)
- Allowance of RM60 per hour for degree holders, RM50 for diploma holders to teach Mandarin or Tamil.
1 comment:
Honestly speaking, rather than requote the budget in summary, I wish you could give us some forethoughts or your opinion on the subject matter.
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