Some of Budget
2015 Highlights which RAKYAT concerned:
Goods and Services Tax (GST)
* RON95 petrol, LPG and diesel exempted from GST.
* All types of local and
imported fruit, white and whole meal bread, coffee powder, cocoa powder
and tea dust and yellow mee, kuey teow, laksa and mee hoon are exempted
* National Essential Medicine
covering almost 2,900 medicine brands are exempted from GST.
* Reading materials -
including children's colouring books, exercise and reference books, text
books, dictionaries and religious books and newspapers would be GST-free.
* Electricity consumption not subject to GST increased from the first
200 units to 300 units, move to benefit 70% of households.
Bantuan Rakyat 1Malaysia
* For those earning RM3,000 and below will be increased to RM950 from
* For those earning RM3,000
to RM4,000, BR1M increased to RM750 from RM450.
For the above two categories,
payment will be made in three instalments - January, May and September.
* For those aged 21 and
above, with income not exceeding RM2,000, BR1M increased to RM350 (from
RM300) in one-off payment early next year.
* Income tax rates to be cut by 1% to 3%. Families with monthly income
of less than RM4,000 will not have to pay tax.
* From 2016, the corporate tax rate will be reduced by one percentage
point from 25% to 24%, and for small and medium sized enterprises to 19%
* LRT3 linking Bandar Utama, Shah Alam and Klang.
* 45-km second MRT line from Selayang to Putrajaya.
* Upgrade of East Cost railway.
* 36-km East Klang Valley Expressway (EKVE).
* 47-km Damansara-Shah Alam Elevated Expressway.
* Budget 2015 extends 50% stamp duty exemption for first time home buyers and
increases the purchase limit from RM400,000 to RM500,000. The exemption
will be given until the end of 2016.
* A 10% loan guarantee to enable borrowers to obtain full financing
including cost of insurance. Borrowers can also withdraw from EPF
Account 2 to top up their monthly installment and other related costs.
* This guarantee is offered on a "first come, first served basis’ for
20,000 units only.
* Ceiling of household income for PR1MA homes increased to RM10,000,
RM1.3 billion to be allocated to build 80,000 units PR1MA homes.
* RM325 million to be allocated for the RM250 1Malaysia Book Voucher
Programme, benefiting about 1.3 million students.
* RM100 schooling assistance to all 5.4 million primary and secondary
students to continue.
* Tax relief for medical
expenses and treatment for serious illnesses such as cancer, kidney
failure and heart attack increased to RM6,000 per year.