<
What I really heard and concern is the RM35,000,000 (35M) funds to "Magic"Malaysian Global Innovation & Creativity Centre and RM10,000,000 (10M) to Corporate Entrepreneurs funds for the Bajet 2016 as below.
Feel free to listen to Malaysia Budget 2016 Live Youtube Stream NOW at Youtube above.
1) The Government will allocate a BR1M payout of RM400 to unmarried persons above 21 with incomes below RM2,000. A BR1M payout of RM1,050 is also set aside for those with incomes below RM1,000 and RM1,000 (for those with incomes below RM3,000), RM800 (for those with incomes below RM4,000).
2) In terms of income tax, relief for each child below 18 years of age is increased to RM2,000 from RM1,000 from year of assessment 2016.
3) Tax relief for individual taxpayers whose spouse has no income is increased to RM4,000 from RM3,000.
4) Children supporting their parents, even if not living together with their parents, to get tax relief of RM1500 (for the mother) and RM1,500 (for the father), if the parents are above 60 years of age.
5) Parents of disabled children get RM6,000 tax relief and another RM14,000 if their child furthers his or her studies.
6) Tax exemption of RM8,000 instead of RM6,000 is also set aside for every child above 18 years of age in an education institution, both local and overseas.#BAJET2016
#BAJET2016