GST is here.

[bugbear]

I just received my Astro bill with the GST of 6% added to it. How come there is no big fanfare in the paper? A very quiet new year of the rabbit with a little bite in the bud i guess.

[cml]

It has always been there, It was 5 percent previously. Now its 6%

[bugbear]

It has always been there, It was 5 percent previously. Now its 6%
But if you look at your astro bill, you will notice that the previous bill is without the GST.

[mick123]

in fact the 6% is applicable for all taxable services.....

[USJ27Resident]

How come there is no big fanfare in the paper? .
Becos all the MSM editors were probably told to conveniently ignore it... :rolleyes: ... or risk finding a new job or career.... :rolleyes: :rolleyes:

[tupai]

aiyoh...blur sotong lah..
its NOT gst lah.
the 6% is normal custom punya Service Tax. Last time only 5% now 6% cos the gomen luvs us lah...

Just u wait if gst...then surely u pensang1 , dont play play...the yet to be intro gst, masuk into play everything u buy also gotta pay gst inclu yr 1kilo of flour or 1kg sugar! :eek:

Yang Bayar servis tax latotupai :mad:

[Sentinel]

Eh Lato, if one were to get Sales Commission, ada personal income tax, ada GST atau tidak? What if it is known as Fees... ada personal income tax, ada GST kah?

p.s. U know why I ask lah.... :D

[ksj_cool]

this is rakyat didahulukan policy... :D

[tupai]

Eh Lato, if one were to get Sales Commission, ada personal income tax, ada GST atau tidak? What if it is known as Fees... ada personal income tax, ada GST kah?

p.s. U know why I ask lah.... :D

huh?? WHY ah? Y? Y? Y? pray tell me Y?Y?Y? :p

Well, if ye bill under a company inbois as a fee, then this fee presumably a consultancy/professional fee, then kena the cukai servis 6% loh, dont play play. If d fella from u-know-where pay to ye own name and u just sign their cash voucher as sales commission, then sumore u declare that as an income, then u dont pay 6% loh..u only have to pay 26% income tax lah! :D :D

Yang Bayar thru d nose latotupai :cool:

[bslee]

You all will continue to get milked till 70% or more decide enough is enough and really do something about it. Till then...just continue to get milked continuously for more unaccountable, unjustifiable and high expenses by the regime, who the heck except us rakyat gonna pay for it all indefinitely. Till then don't complain so much..till 70% or more rakyat decide otherwise very positively.
Its not about rakyat di dahulukan..its about most rakyat don't give 2 hoots other then their own personal interests and really don't mind selling their souls and their offspring's future for peanuts. PADAN MUKA!...Go Eat CAKE!.. :D

[Sentinel]

Aiyoh BS... where lah you get numbers until 70% taxed for income, relax lah brader, its Hokkien New Year lah, don't lah make me run and hide in the sugar cane plantation! :eek:

If really cannot tahan, then receive the commission or fees in Singapura-pura bank lah... if too close for comfort, receive in Mauritius lor.... Those fellas sitting in Putrajaya can do, we also can do what... except we have conscience and they don't.... :rolleyes:

[tupai]

Aiyoh BS... where lah you get numbers until 70% taxed for income, relax lah brader, its Hokkien New Year lah, don't lah make me run and hide in the sugar cane plantation! :eek:

If really cannot tahan, then receive the commission or fees in Singapura-pura bank lah... if too close for comfort, receive in Mauritius lor.... Those fellas sitting in Putrajaya can do, we also can do what... except we have conscience and they don't.... :rolleyes:

HAhahahah! hiding in sugar cane plantation in Perlis? The spectacular one right after Changlun? :eek: A valley of sugar canes...cantik!

$ingapura also got rep office for BVI bank$ lah...can also open there leh...then can remit your comm to yr $OHO without re$triction...and charge intere$t on $uch remittance $umore! :D :D

All above board and legal too! :p Ju$t dont redflag & tran$mit U$D100million@1go lah... :p

Yang Bo-lui here&there latotupai :p

[USJ27Resident]

Look what is on the horizon (http://tonypua.blogspot.com/2011/06/gst-to-fund-poor.html) ...

When Idris speaks, it is economic gospel to the Ministry of Finance and Budget people... He is gonna sell the idea (no, perhaps I am being too kind)... He is gonna shove it down our throats la... we are lucky that the GE looms near or else the GST would dawn on us tomorrow. :rolleyes:

The GST is an efficient way to tax EVERYBODY instead of the current +/- 15% of the taxable population. Even a 6 year old kid that walks into a toy shop or a bookshop would get taxed. :mad:

[Raikonen]

Gst is fair provided that the income tax get reduced. That way the malays have to pay some tax instead of the cinapek paying all the taxes.

[USJ27Resident]

Gst is fair provided that the income tax get reduced. That way the malays have to pay some tax instead of the cinapek paying all the taxes.

hahaaa... you ah.... I didn't see it that way... :p

but bottom line is, semua(including the poor!) kena masuk "jala" punya GST scheme... ;)

[Henry T]

The 6% is Gomen tax. GST has yet to be implemented.

GST is a wider tax net with the singular aim of increasing Gomen's revenue. So who is paying? You and me and including those who pays no income tax. Basically, each and every consumer.

;)

[rakyat]

The GST is a consumption tax and is broadbased. The more you consume the more tax you pay. It is more efficient then our current income tax where only a small segment of middle class employees bear the brunt.

In a properly managed scenerio, I will gladly support the implementation but there must be some form of tax relieve to the current income tax (maybe lower the personal income tax by 2 percentage points?) and necessity goods are GST exampted

[chewie]

GST = Government Shortfall Tax

[currymee]

Based on the way, the BN Govt SQUANDERED all the public money for their cronies and self-enrichment - ALL FORMS OF TAXES to them are BAD !!!!! :mad: :mad: :mad:

[Henry T]

GST = Goods and Services Tax.

Therefore it covers any goods you buy and any services you use, chargeable at the point of sale. Lets see if the Gomen makes any exemptions.

:cool:

[ivanhow]

Gst is fair provided that the income tax get reduced. That way the malays have to pay some tax instead of the cinapek paying all the taxes. Posted Here (http://www.themalaysianinsider.com/mobile/malaysia/article/gst-only-removes-tax-burden-on-wealthier-minority-says-pua/)
"What the BN government is proposing to do is to reduce the taxes paid by the wealthier 15% of the working population, and redistributing the tax burden to the 85% who currently do not earn enough to qualify to pay taxes.

The irony is that now the Government is arguing that by taxing the rich less, taxing the poor more, they will be able to source increased funds to support the poor! In effect, the Government is arguing that the wealthier segments, particularly the corporates should stop funding policies in support of the poor, and the poor should fund policies for themselves!"

Shud the rich corporate and individuals pay more less income tax, and at the same time make not only the poor pay but also the retired who as no income to pay GST to compensate for the shortfall in income taxes? GST sounds like Gov Shortfall Tax :D

GST = Government Shortfall Tax I think we shud say NO to GST.

[rakyat]

GST = Goods and Services Tax.

Therefore it covers any goods you buy and any services you use, chargeable at the point of sale. Lets see if the Gomen makes any exemptions.

:cool:

Nope it is not a blanket tax on all goods purchased. Most countries exampt foods ingredients (vege, meat, eggs, bread meant to be cooked at home), books and necessities.

The tax is only applicable to 'excess consumption' such as electronic gadgets, fashion apperal and accessories ect.

There will also be a safety net for the poor in the form of tax breaks and 'negative tax'

Would you rather have 15% of the population paying taxes (made up of lower middle class) to support the masses while majority of the more affluent 'self employed' pays little to no income tax?

[rakyat]

Based on the way, the BN Govt SQUANDERED all the public money for their cronies and self-enrichment - ALL FORMS OF TAXES to them are BAD !!!!! :mad: :mad: :mad:

That is why I mentioned 'properly managed scenerio' :D

[Rhiga]

....

Shud the rich corporate and individuals pay more less income tax, and at the same time make not only the poor pay but also the retired who as no income to pay GST to compensate for the shortfall in income taxes? GST sounds like Gov Shortfall Tax :D
I think we shud say NO to GST.


GST is goods and service tax paid by those who purchase the goods/service. GST has no relevance to corporate tax. Corporate procurement don’t pay GST.

In country like Malaysia and Singapore, the crux of the taxpayers are middle class. In Malaysia, depend on the salary bracket, they pay between 10-27% of their taxable income. As a rule of thumb, most taxpayers pay 1-2 months of the monthly salary as income tax. If you earn five figures income (which is not uncommon after working more than 10 years), it is a real pain during April every year.

As someone correctly said, in a well-managed scenario – GST is the best form of taxation – you pay when you consume the goods/service, the higher amount/level of your consumption pattern, the more you pay. For example, you pay 6% of rm1.20 for a bottle of local mineral water which amounted to rm0.07 but if you have higher taste and consume a bottle of Evian mineral water, you have to pay 6% of the Evian price tax.

The poor does not need to pay tax and the very rich have all means to evade tax compare to the middle-class salaryman.

Middle class SUCKS...epecially in bolehalnd...

[currymee]

That is why I mentioned 'properly managed scenerio' :D

Like that, have to CHANGE GOVT FIRST leh ... :D :D :D

[ivanhow]

GST is goods and service tax paid by those who purchase the goods/service. GST has no relevance to corporate tax. Corporate procurement don’t pay GST.

Somehow, I beg to differ.

Corporate pays income taxes before the GST implementation. With the implementation of GST, corporates who are also consumers, and as such are therefore also subject to GST for goods and services purchased.

However, if their (corporate/business) annual sales turnover exceeds the prescribed threshold, they will then be entitled to charge and collect GST for goods and services sold making them unaffected by the GST (provided they are registered).

Hence, upon GST implementation, when income tax gets reduced, they (the corporate business as well as the rich) pay less income taxes. Therefore, taxes are being passed on to the next line of consumers be they corporate or individuals whether they are earning an income or not.

To those who do not earn an income or earning an income insufficient for taxation to kick in, they will then have to bear the burden of paying more taxes whenever they make purchases for goods or services they need (subject to items in the inclusion list).


The poor does not need to pay tax and the very rich have all means to evade tax compare to the middle-class salaryman.
It's true the poor need not pay tax before the GST implementation. But with GST implementation, it's no longer true that the poor pays no taxes. The rich who have been getting away with taxes will continue to do so with the GST implementation, only this time, the amount may be lower due to lowered tax rates. Yet, paying GST (consumption taxes) is like ants bite to a guerilla, which to them is not painful at all. But to the poor the GST will be painful as every sen counts.

The gap between the rich and the poor has widened, with more ppl falling into the 'poor' category, and the rich getting richer, and more in numbers but less percentage-wise. With GST implementation, the rich will contribute less in percentage terms, while the poor will cough out more (compared to previously) to support a declining and toughening economy. Isn't it a recipe for economic disaster ??? :confused:

If this is how GST gets implemented (http://www.gst.customs.gov.my/portal/page/portal/MYGSET/SubTopicDetailPage?_piref255_1040729_255_1040710_1 040710.__ora_navig=nodeId=119), the poor will be crying with the what little voice there is left.

The lower middle may be lumped together among the poor when they too reached retirement age. Hence the lower middle may not feel the pinch while they are still in the workforce. But, when they leave the workforce, without any pension schemes, they will feel the pinch... and will be real hard.

[SiangMalam]

GST will hit everyone and the impact will be greatest felt by the poor segment of a society. Why is this? It is because they have all this while been exempted from paying any form of taxes and thus the GST will increase all their purchases - everything he buys - will be affected by an additional 7%. And yet at the end of the year the government will announce inflation 3.4% only! Semua kena bohong lagi.... :mad:

[SiangMalam]

True, for some purchases, it is true some companies and corporations get charged the 7% GST for example, if they purchase 600 reams of A4 Paper for their photocopiers machines per year, BUT these companies will put the TOTAL COST (including the additional 7% GST) as EXPENSES! and thus obtain a kind of tax shield / tax deduction! Back to gomen back to real taxpayers like stupid you and silly me! :mad:

[Henry T]

You can read about it here:

http://en.wikipedia.org/wiki/Goods_and_Services_Tax

;)

[SiangMalam]

Any Economics 101 student will learn from the day he picks up a basic economics book like the Malaysian classic "An introduction to Micro Economics" by Harcharan Singh Khera that GST affects the poor segment the most! It is something a socialist government will not do, ie to hit the poor to collect revenue! Tetapi Malaysia Boleh!!! Rakyat DiUtamakan! :mad:

[ivanhow]

Being able to honour a country's sovereign debt is a test of the state of the country's treasury. With the US having sovereign debt risking default and thereby triggering another financial crisis that could cascade into a major recession, raising the ceiling might be a temporary relief to buy more time to enable the US to prop up it's treasury.

But still the government needs to increase taxes which goes back to the people having to bear the cost of bailing out the government's sovereign debt. If the poor who are already struggling to make ends meet have to fork out more in taxes, it may come a time where the people may take to the streets as we have seen in the North African, Middle Eastern countries.

Consequently, the better way out might be to tax the wealthier who are not the majority and can afford paying more in taxes though it may be seen as unfair in terms of distribution of tax burden. Taxing the broader population including the poor might just be a backfire for the government.

With the GE around the corner, another year may pass without the GST being implemented. Will have to just wait-and-see.


my 2sen