Budget 2014 Malaysia: GST, RPGT and other highlights [Infographic]
The much hyped Budget 2014 was tabled by the Prime Minister and Finance Minister, Datuk Seri Najib Tun Razak with various new changes. Some of the highlights include the Goods and Services Tax (GST), abolition of sugar subsidy, 1Malaysia People’s Aid (BR1M) 3.0 and higher property taxes – mostly predicted by budget watchers days before the announcement.
With the theme “Strengthening Economic Resilience, Accelerating Transformation and Fulfilling Promises”, the Budget focuses on enhancing the country’s economy, strengthening fiscal management, reinforcing human capital excellence, intensifying urban and rural development and ensuring the well-being of Malaysians.
Who benefits the most in this Budget and what are some of the key points brought up? Understand how Budget 2014 can affect you with this infographic.