Malaysia Best Rates 2010 May 26 update

1 month Fix DepositGenerally now banks are offering 2.50%. Affin bank offers highest rate at 2.55%. However, there are still a few banks offer lower rate than 2.5%. JP Morgan is still offering the lowest at 2.0%1 year Fix DepositHighest offered rates is 3.05% by Affin Bank;...

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Individual Tax exemption in Malaysia

Below shows an extraction from Malaysia Income Tax department. Some of the highlights are;maternity expenses, traditional medicines exemption are UNLIMITED !if you were terminated with compensation, some are exempted !Scholarship is exempted, so study Hard !Income derived and...

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When to go beyond "Salary" ?

When your personal income increases, you start to pay more taxes too. It was mentioned before there are certain income Stepping that one should watch out for to optimize tax planning. For example, as your total annual income is approaching MYR 100,000 in Malaysia, you are...

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