Malaysia Budget 2011: A Snapshot

The Malaysia Budget 2011 was delivered and tabled by the Prime Minister/ Finance Minister on Oct 15, 2010. Some of the highlights of the Malaysia Budget 2011:

• Parent medical tax relief extended to care for parents' expenses
• 50% stamp duty exemption on housing S&P and loan agreements
• Service tax increases from 5% to 6%
• Astro fees will be subjected to 6% service tax
• EPF relief scope extended but limit not increased

To download the Budget Speech and Finance Bill, please click here.