Latest news with #RM9
Barnama
an hour ago
- Barnama
Fake Currency, Crime Items Worth Over RM700,000 Disposed Of
KUALA LUMPUR, July 25 (Bernama) -- Brickfields police have disposed of case items worth RM721,239, including counterfeit US dollars linked to a foreign exchange fraud syndicate, with items dating back as far as 2017. Brickfields District Police Chief ACP Ku Mashariman Ku Mahmood said the disposal involved 124 completed criminal and commercial crime investigation papers. 'A total of 47,906 criminal case items with an estimated value of RM630,565 were disposed of, while commercial crime cases accounted for 1,325 items valued at RM90,674,' he told a press conference at the Brickfields District Police Headquarters here today. Among the items disposed of were RM9,833 in cash and large quantities of seized goods, including those linked to gambling, unlicensed entertainment outlets, prostitution and illicit massage centres. Ku Mashariman berkata antara kes itu melibatkan seorang warga asing yang terlibat dalam penipuan pertukaran wang pada tahun lepas dan suspek menggunakan USD400,000 wang palsu untuk memperdaya mangsa yang mahu menukar mata wang. Ku Mashariman said one of the more notable cases involved a foreign national who carried out a currency exchange scam last year. The suspect had attempted to deceive a victim by using USD400,000 in counterfeit currency. 'We arrested the suspect and seized USD400,000 in fake banknotes. He was charged in court, sentenced to 15 months' imprisonment, and will be deported to his home country,' he said. He added that the main purpose of the disposal exercise was to ensure that all case items are lawfully destroyed in accordance with legal provisions, to reduce storage burden and to minimise the risk of theft from long-term storage.
The Star
12 hours ago
- Business
- The Star
No plans to review tax relief for insurance policies
THERE is no intention to review the tax relief amounts for personal and life insurance policies, even as the government is continuously improving the income tax reliefs eligible for individual taxpayers through a targeted approach and special reliefs, says Finance Minister Datuk Seri Anwar Ibrahim. 'Through Budgets 2023, 2024 and 2025, a targeted approach has been implemented by increasing the tax relief amounts for medical treatment expenses, child care allowances, persons with disabilities, and education and medical insurance. 'Besides increasing the eligible tax relief amounts, the government, through Budget 2025, has also expanded the scope of existing tax reliefs, such as extending care and treatment for parents to include grandparents and broadening the scope of health screenings to include the purchase of self-examination health equipment and fees for disease detection tests,' he said in a written parliamentary reply. Earlier, Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam) had asked the Finance Ministry whether it will review the reliefs associated with personal and life insurances that remained at RM9,000 and RM3,000, respectively, for the past 15 years. Dr Wee, who is also MCA president, said the tax relief amount did not reflect the effects of inflation and the current cost of living. Anwar also said the government introduced special reliefs for specific purposes under Budget 2025. This included relief on interest payments for housing loans for the purchase of the first residential home. 'Through this relief, the purchase of a home priced up to RM500,000 qualifies for a tax relief of up to RM7,000, while a tax relief of up to RM5,000 can be claimed for the purchase of a residential home priced between RM500,001 and RM750,000,' he added. Anwar also said other improvements to tax reliefs for individuals include reducing the tax rate by 2 percentage points for the taxable income range between RM35,001 and RM100,000 starting from the assessment year 2023. 'This tax rate reduction can provide an additional disposable income of up to RM1,300 per year for about 2.4 million taxpayers, including the middle-income group. 'In addition, the government is committed to improving tax administration and services to enhance efficiency and service levels for taxpayers,' he said. Anwar also said that any future reviews or revisions to income tax rates or individual tax reliefs need to be conducted carefully to avoid jeopardising the country's fiscal position, adding that any changes in tax policy must also align with international taxation practices and not adversely affect the country's global commitments.
The Star
a day ago
- Business
- The Star
No plans to review tax relief amount, says Anwar
KUALA LUMPUR: There is no plan to review the tax relief amount for individuals, says Datuk Seri Anwar Ibrahim. However, the Prime Minister said that the government would continuously improve income tax relief for individual taxpayers through targeted approaches and special reliefs. "Through Budgets 2023, 2024 and 2025, a targeted approach has been implemented by increasing the tax relief amounts for medical treatment expenses, childcare allowances, persons with disabilities, education and medical insurance. "Besides increasing the amount, the government, through Budget 2025, has also expanded the scope of existing tax relief such as extending care and treatment for parents to include grandparents and broadening the scope of health screenings to include the purchase of self-examination health equipment and fees for disease detection tests," said Anwar, who is also Finance Minister, in a written parliamentary reply on Thursday (July 24). Earlier, Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam) had asked the ministry if it would review the tax relief for individuals and life insurance premium payments that have remained the same at RM9,000 and RM3,000, respectively, for the past 15 years. Dr Wee said that the amount did not reflect the effects of inflation and the current cost of living. Anwar said that the government had also introduced special reliefs for specific purposes in Budget 2025. This includes relief on interest payments for housing loans for the purchase of a first residential home. "Through this relief, the purchase of a home priced up to RM500,000 qualifies for a tax relief of up to RM7,000, while a tax relief of up to RM5,000 can be claimed for the purchase of a residential home priced between RM500,000 and RM750,000," he added. He added that to improve tax reliefs, the government has also reviewed and restructured the individual resident income tax rates starting from the assessment year 2023, reducing the tax rate by two percentage points for the taxable income range between RM35,001 and RM100,000. "This tax rate reduction can provide an additional disposable income of up to RM1,300 per year for approximately 2.4 million taxpayers, including the middle-income group. "In addition, the government is committed to improving tax administration and services to enhance efficiency and service levels for taxpayers," he said. Anwar also said any future review or revision to income tax rates or individual tax relief amounts needs to be conducted carefully to avoid jeopardising the country's fiscal position. He added that any changes in tax policy must also align with international taxation practices and not adversely affect the country's global commitments.
The Sun
a day ago
- The Sun
KPDN officer pleads not guilty to bribery in cooking oil case
SEREMBAN: An enforcement assistant with the Ministry of Domestic Trade and Cost of Living (KPDN) was charged at the Sessions Court today with soliciting a bribe in connection with an unlicensed used cooking oil case. Sahzul Hisam Samsuri, 51, pleaded not guilty after the charge was read before Judge Darmafikri Abu Hassan. He is accused of allegedly soliciting RM8,500 from a man via a phone call as an inducement to refrain from pursuing an investigation into the transportation of used cooking oil without a valid licence, on Sept 11, 2022. He was charged under Section 16(a)(A) of the Malaysian Anti-Corruption Commission (MACC) Act 2009, which carries a maximum sentence of 20 years' imprisonment and a fine of not less than five times the value of the bribe or RM10,000, whichever is higher, upon conviction. Deputy public prosecutor Asmaa' Zamri proposed bail at RM8,000 with additional conditions of reporting monthly to the Selangor MACC office, surrendering his passport, and refraining from contacting witnesses until the conclusion of the case. Sahzul Hisam, who was unrepresented, requested a bail reduction, saying he had been suspended from duty, had no fixed income, and was supporting six dependents. He also informed the court that he is undergoing medical treatment for hypertension. 'At the end of July, I was also charged in the Shah Alam Court with three similar offences, for which bail was set at RM9,000. Today, I only have RM3,000 available for bail,' he told the court. The court allowed bail at RM4,000 with one surety, along with the additional conditions sought by the prosecution. The case has been fixed for mention on Aug 27. - Bernama
Barnama
a day ago
- Barnama
KPDN Enforcement Assistant Pleads Not Guilty To Soliciting Bribe
SEREMBAN, July 24 (Bernama) -- An enforcement assistant with the Ministry of Domestic Trade and Cost of Living (KPDN) was charged at the Sessions Court today with soliciting a bribe in connection with an unlicensed used cooking oil case. Sahzul Hisam Samsuri, 51, pleaded not guilty after the charge was read before Judge Darmafikri Abu Hassan. He is accused of allegedly soliciting RM8,500 from a man via a phone call as an inducement to refrain from pursuing an investigation into the transportation of used cooking oil without a valid licence, on Sept 11, 2022. He was charged under Section 16(a)(A) of the Malaysian Anti-Corruption Commission (MACC) Act 2009, which carries a maximum sentence of 20 years' imprisonment and a fine of not less than five times the value of the bribe or RM10,000, whichever is higher, upon conviction. Deputy public prosecutor Asmaa' Zamri proposed bail at RM8,000 with additional conditions of reporting monthly to the Selangor MACC office, surrendering his passport, and refraining from contacting witnesses until the conclusion of the case. Sahzul Hisam, who was unrepresented, requested a bail reduction, saying he had been suspended from duty, had no fixed income, and was supporting six dependents. He also informed the court that he is undergoing medical treatment for hypertension. 'At the end of July, I was also charged in the Shah Alam Court with three similar offences, for which bail was set at RM9,000. Today, I only have RM3,000 available for bail,' he told the court. The court allowed bail at RM4,000 with one surety, along with the additional conditions sought by the prosecution. The case has been fixed for mention on Aug 27.
