How many NKEAs is targeted under ETP?
12 NKEAs
The 12 NKEAs selected are: Oil, Gas and Energy; Palm Oil; Financial Services; Tourism; Business Services; Electronics and Electrical; Wholesale and Retail; Education; Healthcare; Communications Content and Infrastructure; Agriculture; and Greater Kuala Lumpur/Klang Valley.
What is nkea Malaysia?
NKEA means the National Key Economic Area which is the driver of economic activities that potentially and directly contributes towards the Malaysian Economic Growth measurable by the National Gross Income (GNI) indicator; Sample 1.
What are some of the government initiatives for national development?
Government Transformation Programme ( GTP ) The seven NKRAs are: Reducing Crime; Fighting Corruption; Improving Students Outcomes; Raising Living Standards of Low-Income Households; Improving Rural Basic Infrastructure; Improving Urban Public Transport; Addressing Cost of Living.
What is NKRAs?
The National Key Results Areas (NKRAs) The National Key Results Areas (NKRAs) under the GTP were identified to improve the socio-economic growth of Malaysia. The NKRAs are the priority needs of the people.
How much tax do you pay on ETP?
Any taxable component of the ETP below $180,000 is taxed either at 16.5% or 31.5%, depending on the type of payment. Any amount that exceeds $180,000 is taxed at the top marginal rate of 46.5%.
What is Entry Point Project Malaysia?
Digital Malaysia/ EPP Business Opportunities The Economic Transformation Programme was launched with 131 Entry Point Projects (EPPs). The National Key Economic Areas (NKEAs) are the engines of growth, while the Entry Point Projects are the spark plugs that will fire up these engines, to a new level of performance.
What are the green initiatives in Malaysia?
Some of the approved projects include the: (1) National Carbon Reporting Program or My Carbon, (2) tax exemption for green jobs and services, (3) National Conservation Fund, (4) Investment Tax allowance & tax exemption for green technology products and services, (5) Establishment of Malaysian Green Foundation (6) …
What is the main development issues in Malaysia?
Problems such as the debilitating effects of political patronage on a whole range of issues; poor quality human capital development; mismatches in the labour markets; protectionism in key services sector; technological level and innovation that is not keeping pace with the income level of the country; poor quality …
What is national transformation policy?
The National Transformation Program aims to develop the necessary infrastructure and create an environment that enables the public, private and non-profit sectors to achieve the Kingdom’s Vision 2030.
How do you run a successful government?
The 5 Cs for successful government transformation are:
- Committed Leadership.
- Clear purpose and priorities.
- Cadence and coordination in delivery.
- Compelling communication.
- Capability for change.
- My take.
What is the ETP cap for 2020?
$215,000
Compare the calculated whole-of-income cap from step 3 and the ETP cap amount of $215,000 for 2020–21 (or the balance of ETP cap if a payment component has already applied to the ETP cap where there have been multiple payments for the same termination). If both caps are equal, use the whole-of-income cap.
Does an ETP count as income?
The taxable portion of an ETP is included in assessable income. However, ETPs within the cap receive a tax offset ensuring the rate of income tax paid on the ETP does not exceed the tax rates shown in Table 2.