Published: Friday October 25, 2013 MYT 8:50:00 PM
Updated: Friday October 25, 2013 MYT 9:27:22 PM
PETALING JAYA: Following the tabling of Budget 2014 in Parliament by Datuk Seri Najib Tun Razak, tweeters shared their take on the announcement with the #MyBudget2014 hashtag.
The newly proposed goods and services tax (GST), which will take effect in 17 months, caused many tongues to wag.
The abolition of the 1970s era sales and service tax to make way for the new multi-level tax system earned @henrykhh’s approval: “Finally, progressive act after general elections, congratulation #Msia!”
While @swoomh thought the GST was a “good move”, he also called for further lowering of individual and corporate tax.
In order to prevent profiteering by unethical traders after the GST’s implementation on Apr 1 2015, @leehengyuen urged the Government to regularly publish the prices of controlled items.
@MatCendana also termed the GST “reasonable” as its implementation will be in tandem with lower income tax rates: “It's time for everyone to pitch in. Not fair salaried class alone being taxed.”
“Nice one!”, said @saufikarim in response to news of sale, purchase and rental of residential properties, as well as selected financial services, being exempted from the GST.
With a simple “I like that”, @HafizMeow applauded the Government’s move to provide RM600mil in research grants for public institutions of higher learning.
Much to @daphnelcw’s joy, an allocation of RM325mil ensures the popular 1Malaysia Book Voucher will continue giving RM250 to each student: “YAY more fiction books!”
Tweeter @asrul_afendi urged young entrepreneurs to take advantage of the budget “to start up and expand” their businesses.
Tweeter @HazeemBorhan gave a thumbs up to the announcement of allocations to improve Internet speeds: “Suburban areas to get internet speeds up to 4-10Mbps … Not too shabby.”
@joan_yong cheered the budget’s focus on boosting the aviation, maritime and tourism industries: “Looks like the future is promising for us … that is, if it's in the long run.”
In response to the proposed tax relief for the middle-income group, where RM2,000 be given to tax payers with a monthly income of up to RM8,000, @shikinney tweeted: “At last!”
As for the sugar subsidy being abolished, @adriantai tweeted that it was “good”, but wondered if his teh tarik would “now cost double”.
When one @_naim joked that it was “time to let teh tarik go la, good for health also”, the tweeter responded that the beverage was just an excuse to meet friends.
However, health conscious @solomon_ba was firm in deeming the removal of the 34 sen sugar subsidy as a must: “People should think more about their health than their money.”