KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 billion.
As the goods and service tax (GST) is officially implemented in Malaysia 2014, most Malaysians will finally have to pay tax from all income level. Paying more taxes definitely not good news for almost everywhere through out the world, but there is very small good news to the income tax payers, whereas the income tax rate for the year 2015 will be reduced by few points basis. The winner again, will be the high income earner - which is those who are earning RM400K and above because their rate drop although they might still argue that they will pay a lot more in the form of GST. The following is the comparison of the income tax rate before the GST implementation vs the post-GST.