budget 09 expected

We will have our budget day before CNY, normally its in feb. but this yr, they holding it in jan.

as usual, i think they will give more incentive for innovation n research... making it difficult for my exam.

then i think they will give more tax exemptions for companies. currently its $300,000. maybe will be increased to $500,000

next, they might decrease e personal tax to 18% cap. hm... increase personal tax exemption from first 20k to 23k? damn... then i no need to pay tax again... sigh

actually these are nothing

i hoping for a GST cut to 5% from current 7%. That will have a lot of effect on the economics

wat i scare is e change of audit exemption from $5m to $7.5m or $10m
this means that auditors will run out of rice to eat. so sad... its means that i going jobless soon

hopefully CPF dont cut.

Next freebies from govt
This yr, we have Growth Dividend

hm... next yr, we might have Recession Relief Fund. er... $200 per half yr? same as this yr. More discount on utility bills!!!!
u can dream abt ERP reduction haha...