sigh... no good...

hasil has revised the pcb rate which the company supposes to deduct from salary...

http://www.hasil.org.my/melayu/pdf/JADUAL%...LAMAN%20WEB.pdf

good news or bad news?

previously lower ka? or is this for people that contribute only 9% to EPF?

should be higher... (for me it is higher)

you can check your last month's payslip and compare...

According to it, I have to pay 160 extra every month....

think they r tryin to collect more UPFRONT now..and take donkey years to refund you......

wat to do..we r running BUDGET DEFICIT

DIY a junior... pay less tax

Hm... I am a poor but lucky guy. No need to pay tax.
Work wt govt & got tax exemption.

i pay tax in SG, never contribute in MY. lucky also, coz if pay in MY, i long long time dry liao.

So they reduce the EPF contribution from 11% to 8% and now
they increase the PCB ?

I am confused :)

Actually the IRB rationale is that they want you to have more take-home pay and not pay too much tax upfront and then have to wait for a refund.

They have a PCB calculator on the IRB homepage and you can use that to estimate your income and allowances e.g. medical expenses of parents, books, insurance etc and the PCB will be calculated accordingly.

This can be printed out and submitted to your employer (your employer may have a prescribed format) so that your PCB will be deducted. It is the responsibility of every employee to furnish the relevant details to their employer.

Having said and done all that in preparing this month's payroll, I have found that I have to pay nearly RM200 more.

Walaueh, i doesnt now tht...when they announce?...teruk la like this

very creative... from an auditor.


they reduce the EPF to let you have more take home pay and then collect more from you thru PCB. You are exactly right - very damn confusing.

When I found out about this new PCB schedule earlier last week, I thought it's gonna be a lower one but, not the case. They collect more from you upfront. This will result in you owe the govt money first instead of you owe them. You will have tax credit in the end and take you donkey years to get back the refund.

Everybody pays more tax via this new PCB and have less take home pay now.

We're being manipulated by e gomen again, taking away our hard earn money for their personal wealth. I wish they would just die and rot in hell. Only 2 day's ago they were talking about introducing a new stimulus package... my ass.

Eventho e highest tax bracket is now 27% but you pay about 7+% more for first 21k earned. Previously it was only 41xx , now its 44xx. I now have to pay about 4% more.

The pcb deduction increase could mean tt it's highly possible tt e tax will increase this year. Even after u reconcile next year, you might not get it all back. Did they officially announce tt tax increase. If not what's the damn logic to increase pcb deduction.

I feel so exploited that this is like day light robbery. The more money you earn, the more you feel e pain. Where's e logic in that? If e money goes to e needy or growing e country's infra then its ok but it ends up in some corrupt officials deep deep pocket. This country is down in e dumps man if this continues

You are right bro.. there are more and more people moving out of this country to cari makan in overseas. Many of my ex-colleagues gone. Also a few of our forum members here are working in other countries as well. Imagine another 10 more years, what will be the situation here

I couldn't agree more.... same reaction when I first see it. all my colleagues also swear the gomen to rot in hell...

J195, move to another country? like where? some time I wonder, is it better...?

This is the Govt.'s message to LGTCians to work harder and earn more money so that we can continue to mod!

errr... not to say moving to another country, but cari makan (look for job) in other country, place of stay, transport provided by company, long term for 2 to 3 years.

can i request my employer to stop monthly pcb.. and make yearly payment :)

me thought of that b4...


cannot wor. the company is obliged to withheld on behalf of you and pay the govt.

last thing I heard about this is that it is optional.

Maybe this article has a point.................

Date: 2009/1/21
Subject: A Shocking Revelation - A Massive RM73 Billion Bailout or A
Quantum-Leap Stimulus? Prepare For Very Bad News By End of 1st Quarter

dyi

By Matthias Chang
Thursday, 15 January 2009 08:08

When certain financial information which should come from official
sources gets announced through a private vested interest, it is an
indication that we must prepare for a national security alert, to be
precise a FINANCIAL RECKONING that will send a shiver down our spines!

In the last quarter of 2008, our listless government announced that it
had provided a RM7.5 billion stimulus to overcome the effects of the
global financial crisis which had impacted on our economy.

Some quarters have indicated that this is a pittance and is a
reflection that the government is still in a state of denial and or at
a lost as to what remedies need to be adopted.

Be that as it may, it is clear that the RM7.5 Billion stimulus is
insufficient as the Prime Minister was quick to declare within weeks
that further stimulus would be required.

I waited a week before writing this article to see whether any
financial analyst would pick up on this staggering revelation. But
nothing, absolutely nothing was written in any of the business /
financial dailies.

Judge for yourself - how can anyone not comment on this piece of
revelation:

Wednesday January 7, 2009 Business Times (NST)

"Govt likely to sell RM73b worth of bonds: CIMB

"Malaysia will sell a record amount of bonds this year to fund
economic stimulus spending and may offer its first foreign-currency
bonds since 2002, according to CIMB Investment Bank Bhd.

"The Finance Ministry will probably sell a record RM73 billion of
securities as revenue trails spending for an 11th straight year, said
Lum Choong Kuan, head of bond research at CIMB, a unit of Bumiputera
Commerce Holdings Bhd, the second largest banking group.

"… 'A wider deficit will necessitate a bigger bond sale,' he said in a
phone interview…"

One can look at this unusual revelation from two perspectives bearing
in mind that the Group CEO of CIMB is the younger brother of the
Deputy Prime Minister and Finance Minister and maybe the next Prime
Minister if one believes that Badawi would in fact relinquish
power!

Firstly: The economy must be in a real shit state to require such a
massive RM73 billion stimulus, a record sale of securities by the
government. It follows that all this while, we were lulled into
believing that all is well and that Malaysia will not be affected by
the global financial tsunami. The person most responsible for this
fairy tale is none other than the Governor of Bank Negara (our central
bank). This is almost ten times the original stimulus of RM7.5 Billion
announced recently.

Secondly: This RM73 Billion sale of securities is not a stimulus to
spur the economy but a massive bailout of financial institutions as
well as a desperate measure to shore up our declining liquidity as our
foreign exchange reserves have plunged from a massive US$124 Billion
in August 2008 to US$96 Billion in December 2008 – a loss of US$28
Billion in a mere three months. In the coming months, our reserves
will decrease further!

There is also the added problem that as the US$ depreciates, our
dollar reserves' purchasing power will decline proportionately! In
simple layman's terms, if US$100 can buy ten pairs of shoes in 2007
and if the dollar has declined by 30 per cent, the US$100 dollars that
we have will now buy 7 pairs of shoes.

This is a double whammy – an absolute decline on US Dollar reserves as
well as a decline in its purchasing power!

I take the view that the RM73 Billion is earmarked for a massive
bailout of our financial institutions. This is because, a few months
ago, Bank Negara announced that it would follow Singapore's lead in
exempting banks which have transferred off-balance sheet "assets" back
on their books from the statutory requirement to mark-to-market the
value of such "assets". This means that these assets which may be
worth almost nothing are allowed to retain their "original value"
thereby hiding the losses suffered by our banks.

Other than Bank Negara and the Finance Ministry, no one actually knows
the extent of our banks' exposure notwithstanding the repeated
declarations that our banks are healthy and resilient. If in fact they
are well capitalized, there is no need to waive the requirement to
mark-to-market the off-balance sheet "assets". If these "assets" are
worthless, they should be written off, if our banks are able to absorb
such huge write-offs.

Additionally, with the crude prices hovering around US$40, Petronas is
bleeding and our 2009 budget as well as the 9th Malaysia plan is
totally screwed up. We just don't have the money to finance the 2009
budget and the 9th Malaysia Plan.

Our economy will contract substantially after the first quarter of
2009. We will be lucky if we achieve 1% growth. But I doubt it.

2009 WILL NOT BE THE YEAR OF THE RAGING BULL BUT THAT OF A SPANISH
BULL AFTER THE MATADOR HAS EXECUTED THE ESTOCADA - THE PLUNGING OF HIS
SWORD BETWEEN THE SHOULDER BLADES OF THE BULL AND PIERCING ITS HEART!

Wall Street's bull is already dead. What can we expect from our water
buffalo?