Budget announcement has been published for half a month, to summarize the national budget in a sentence, “it is a pain for people in the short run but a long-term benefit to the economy.” 

The national budget of 2024 is rather meager fare as it does not provide any savor to please nor surprises to the people. The expected return of GST or anticipation on domestic subsidies has yet to be announced causing a heightened on the voice of public.   

However, as the rakyat are complaining, the leading researchers and experts believe that the recent fiscal budget acts as a blueprint on this transition period for the government to reform the country’s tax structure. 

The Prime Minister and Finance Minister, Datuk Seri Anwar, unveiled the country's largest-ever budget for the coming year, a staggering RM393.8 billion. The financial, education, and health sectors account for 42.3% of it. Adding to the excitement, a 4% to 5% GDP growth is anticipated for 2024. 

For taxpayers, there's a catch: the service tax jumps from 6% to 8% and expands to include logistics, brokering, underwriting, and karaoke services. However, food, telecommunications, logistics, and vehicle parking space services remain at 6%. The government also offers tax exemptions and financial aid programs. 

In addition to tax adjustments, the government is also providing tax exemptions and financial aid programs to help with people's living expenses. 

As the 2024 budget takes centre stage, the question remains: will it improve the economy and people's lives, or will challenges persist? What's the highlight of this budget, and how will it aid small and medium-sized enterprises? 

Join us for 'Navigating Budget 2024: Your Path to Business Success.' The first 300 registrants will receive a free ticket worth RM288! 

【 Navigating Budget 2024: Your Path to Business Success 】 
Date: 8 November 2023 (Wednesday) 

Time: 10:30AM - 12:00PM 

Speaker: Zen Chow, YYC Tax Practice Leader 

Fee: RM288 (FREE for the FIRST 300 registrations) 

Our speakers will provide a detailed explanation of various highlights of the 2024 budget and how to utilize its policies for tax planning for your company, enabling your company to achieve greater success! 

Registrants will also receive YYC's Exclusive 《Budget Newsletter 2024》as a complimentary gift upon registration!