Left only RM1,100 to spend | KPMG | MY

Left only RM1,100 to spend

Left only RM1,100 to spend

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“Left only RM1,100 to spend”. Elizabeth Siew questioned the new end-financing scheme for the 1Malaysia People's Housing programme.

Next year’s budget appears to reduce the 1Malaysia People's Housing Programme (PR1MA) financing constraints as applicants are allowed to apply for 100% loan from four specific banks. However, Elizabeth Siew Wai Kit doubted the feasibility of the financing scheme, as the loan borrower with a monthly income of RM3,000 will ended up having only RM 1,100 to spend.

Siew gave an example at the Budget 2017 Seminar organized by Malaysia-China Chamber of Commerce (MCCC) today. “A first-time home buyer with a monthly income of RM3,000 will normally be eligible for a loan of RM187,000. Through this special financing scheme, the applicant can now apply for a loan of more than RM295,000.”

“But, is this scheme viable?” she questioned.

Using the loan package offer by Malayan Banking Berhad as an example, for a loan of RM29,500 the mortgage repayment period will last for 30 years with an interest rate of 4.45% plus 1.45% will be applied. Accordingly, the loan applicant will be required to repay approximately RM1,500 to RM2,000 monthly. As a result, the applicant will only have RM1,100 left, and at the same time still be required to bear other costs of living.

“How can this new special scheme solve the financing issue which the young people and the first-time home buyers are facing?”

Siew had also asked a friend who is working in a bank’s loan department if the scheme is workable and the response she received was: “How to borrow?”

The Government has no long-term plans

As compared to Singapore which had developed a 10-year plan for housing schemes, Siew also criticised the fact that the Government had only developed short-term measures.

Moreover, she was disappointed that Budget 2017 did not clarify on the funding for cybersecurity projects.

Siew also mentioned that her law firm’s server was hacked two weeks ago which led to the loss of 20 years’ worth of data and backups, in addition to receiving a blackmail. Although she had reported this incident to the Malaysian Communications and Multimedia Commission (MCMC), the problem has yet to be resolved.

Raymond Chin advises the Prime Minister to make requests from China

MCCC’s Investment Management Committee chairman Raymond Chin said, the Prime Minister should follow the example of certain leaders of a country in Africa to make requests to Chinese authorities when he visits China at the end of this month.

“When I visited Beijing a few years ago, I encountered African leaders making demands to the Chinese authorities. Thus, the Prime Minister should not to be reserved during his visit to China,” he said.

Raymond is expecting the Prime Minister’s visit to China to be beneficial to Malaysian businessmen.

Tai Lai Kok advises sole proprietors not to convert their businesses into small-and-medium enterprises (SMEs) for tax reduction

KPMG Malaysia’s executive director (Tax) Tai Lai Kok commented that sole proprietorships should not convert their businesses into SMEs predominantly for the 18% corporate tax rate incentives listed in the Budget 2017 and the reduction tax rate of 1% to 4%.

“Sole proprietorships should only convert their businesses to SMEs when it is necessary or required. Otherwise, the loss might outweigh the gain if discovered by the authorities,” he remarked.

“Micro-SMEs are businesses with annual sales turnover that does not exceed RM250,000.”

“只剩1100可花费”.萧慧洁质疑月入3千100%房贷

房地产律师萧慧洁说,明年度财政预算案虽然放宽“一马人民房屋计划”(PR1MA)货款条件,让申请者向指定的4家银行申请100%的房屋货款,但她质疑这个方案是否可行,因月入3000令吉的借贷人到最后只剩下1100令吉的收入可花费。

(吉隆坡22日讯)房地产律师萧慧洁说,明年度财政预算案虽然放宽“一马人民房屋计划”(PR1MA)货款条件,让申请者向指定的4家银行申请100%的房屋货款,但她质疑这个方案是否可行,因月入3000令吉的借贷人到最后只剩下1100令吉的收入可花费.

她今日在马中总商会举行的“2017年度财政预算案”论坛上举例说,一名月入3000令吉的首购族,一般上能借到的贷款数额为18万7000令吉,在特别计划下有望获得29万5000令吉的贷款数额,但这样的供期计划可行吗?

她以马来亚银行利率为例说,马银行房贷供期30年,借贷率为4.45%加1.45%,总借贷数额为29万5000令吉,申请人每个月要缴还1500至2000令吉,收入到头来只剩下1100令吉,但他们还是要吃、住和缴纳交通等日常需要的花费。

“试问这项新的特别计划,能解决年轻人或首购族的问题吗?”


她说,她向银行贷款部门的朋友查询29万5000令吉的货款申请可行吗,收到的回覆是“怎么借?”

非议政府无长远计划

她非议政府无法像新加坡一样,为房屋需求课题拟出长远的10年计划,反而只有短暂的措施。

此外,萧慧洁说,她对预算案没有明确阐明网络安全项目的拨款感到遗憾。

她说,其律师楼的伺服器两周前遭骇入,无法取回20年来的资料及备件后收到勒索电邮,虽然她已据情向大马通讯及多媒体委员会投报,但问题至今仍未解决。

陈云祥建议首相敢敢向中国提要求

马中总商会财经投资委员会主席陈云祥说,首相本月杪访华时,应仿效非洲某国的领导人,敢敢向中国当局提出大马的要求。

他说,数年前他访问北京时,巧遇当时也在中国访问的非洲国家领导人,并见识到他们如何向中方提问及提出要求,同时也敢于提出,因此,他建议首相访华时,也不要感到害羞。

他期待今次首相访华能让大马商家受益。

戴溧漍吁独资经营者勿为扣税转型中小企

毕马威谘询有限公司(KPMG)执行董事(公司税)戴溧漍说,独资经营公司不要因想享有中小型企业在2017估税年的18%税率和可征税盈利获减1至4%税率的优惠,而将独资经营地位转换成中小型企业。

他说,只要真正有需要和能带来实质意义,独资经营者才有必要转换成中小型企业,否则被查出时往往得不偿失。

“中小型企业的定义是缴足资本少于250万令吉。”

文章来源:星洲日报‧2016.10.23 

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