Archive for October, 2009



Government Free Money for Self-Employed Who Open EPF Account

1 Comment | October 30th, 2009

Self Employed and those without Fixed Income like blogger, freelancer, fishermen, hawkers, taxi drivers, farmers, MLM distributor, direct seller and homemakers can open an Employees’ Provident Fund (EPF) Account now under 1 Malaysia Retirement Scheme to get free money from government.
Based on the scheme, Government will contribute 5% for every RM100 paid to the scheme, [...]



Why Refinance Car Loan in Malaysia?

No Comments | October 29th, 2009

I saw this advertisement at Ambank @Puchong branch.
What is AMCB Car Refinancing Scheme? I thought we are only refinance housing loan. Why we need to refinance car loan? The word of ‘Refinance’ always links me to ‘lower interest rates save more money’ and ‘use other people’s money to grow money faster’. Does the car refinancing [...]



What is the Property Tax Rate in Malaysia?

No Comments | October 27th, 2009

How is property tax determined for foreigner buying property in Malaysia? Surprisingly, both foreigner and local will be imposed the same property tax rate effective from 1 Jan 2010 as according to the announcement of latest Budget 2010 Malaysia by government.
Real Property Gains Tax (RPGT) at a fixed rate of 5% will be imposed on [...]

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