Hornbill Unleashed

September 21, 2016

Raise EPF tax exemption limit call in Budget 2017 wish list

Filed under: Politics — Hornbill Unleashed @ 9:01 PM

kwsp_bajetOne of the items on the Budget 2017 wish list is for the government to increase the Employees Provident Fund (EPF) and life insurance tax exemption limit to RM10,000.

Malaysian Ong Boon Teong, posted on https://bajet2017.najibrazak.com : “The EPF deduction for someone with a salary of RM5,000 a month is RM6,000 annually.

“For a family with two children, the life insurance will cost RM4,000. Therefore, a tax exemption of RM10,000 is required.”

On Sept 5, Prime Minister Najib Razak requested the public to share their ideas on what the Budget 2017 should address. According to a report in The Star, thousands of Malaysians have responded.

Voter registration was also among the issues raised, according to The Star report, and a contributor known only as Nim said automatic voter registration should be considered.

“The Election Commission and the National Registration Department should collaborate to register MyKad holders aged 21 and above automatically, with the voting constituency based on the address on their MyKad,” said Nim.

The report said among the popular suggestions made was for contract staff in the civil service to be given full-time positions, as they do not enjoy retirement benefits.

Scharina Sharifin wrote: “Also, at least a one-month bonus would be helpful for us to deal with the rising cost of living.”

Zainuddin Ali suggested that the government amend whatever laws or circulars necessary to allow for contractual staff to be absorbed as full timers, according to the report.

On the matter of affordable housing, Joshua Phua Pei Xing praised the government for its efforts in providing such housing, especially for the B40 group.

“I wish the government would focus more on providing affordable housing for the middle income group too!,” he said.

Today is the last day of submission of wishes.

The 15 topics open for suggestion are culture and tourism; taxation, business and finance; employment; environment and agriculture; public facilities; social welfare; youth and sports; public safety and transparency; education; economic development; rural development; transport and infrastructure; health­care; housing and urban li­­ving; and cost of living.


FMT Reporters Online


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