Prakash Nagalingam, the Senior Principal Assistant Secretary at the Sales and Service Tax Section of the Ministry of Finance Malaysia, shares insights on the tax imposed in budget 2025.

Astro Ulagam

Watch Prakash Nagalingam, the Senior Principal Assistant Secretary at the Sales and Service Tax Section of the Ministry of Finance Malaysia, shares insights on the tax imposed in budget 2025. - Astro Ulagam on Dailymotion

Transcript

00:00There are many schemes. One of them is SSPN Saving Scheme from Simpanan Panditikan National.

00:09You can save up to 8 hours a year from that scheme.

00:12That scheme has been extended for another three and a half years.

00:16Similarly, PRS, Private Retirement Scheme, has been extended for another two and a half years.

00:24So, there are many schemes depending on the interest rate.

00:28Yes, there are many schemes depending on the interest rate or tax rate.

00:38Similarly, in the case of Sustainable Living, we see that we cook at home.

00:48There are a lot of waste items.

00:50Usually, those waste items are food waste or food waste that we don't finish eating.

00:56We put it in a plastic bag and put it in a garbage bin.

00:59Where does it go?

01:01Since it creates a lot of problems, to solve this problem,

01:06we have given a tax relief of Rs. 2500 for charging facilities for electric vehicles.

01:19The same tax relief has been given for the composting machine next year.

01:28When you buy a composting machine, you can put the waste into the machine,

01:34and it will get polluted.

01:36So, you can use it for your plants and trees.

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