Saturday, October 16, 2010

Budget 2011

well it has been announce

what the result for me? a Salaryman, a Family Man, earning (low) middle income, working in the Service (tourism / food base) is at the very best can be only considered NEUTRAL / Slightly Negative.

1. No Personal Income Tax Breaks .......
2. 300 items import duty reduce (but where is the list of such items that will be exempted) think I do not purchase such items much but let see.
3. no (sales tax?) for hand phone (dont buy phone every day)
4. Increase in service tax to 6% (lucky dont eat in place where they charge service tax daily or even weekly) this is going to cost me a bit for my phone bills, and KFC, Mac D,Mamak with the kids

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