Serious It's Official! Mad Hatter Abolished GST And Replaced It With GST! Still Think Oppies Can Be Trusted? Flip Prata More Than Prata Seller!

[JohnTan]

KUALA LUMPUR - Malaysia will impose a tax of between 5 and 10 per cent on the sale of goods, while services will attract a 6 per cent levy when a new tax regime comes into effect on Sept 1, the country's customs chief Subromaniam Tholasy said on Thursday (Aug 30).

The Sales and Services Tax (SST) is being reintroduced after the government led by Prime Minister Mahathir Mohamad repealed an unpopular goods and services tax (GST) earlier this month.


The GST, which covered a broader range of items and services compared with the SST, has been set at 6 per cent.

A total of 5,443 consumer items have been exempted from the sales tax. The figure is 10 times the number of goods that were exempted from the now-repealed Goods and Services Tax (GST).

Only 545 consumer items were exempted from GST when it was introduced in 2015, reported The Star newspaper.

Among the items that will not be taxed are live animals, daily food items like rice, cooking oil and bread, general goods like newspapers and sanitary pads, and vehicles including bicycles, motorcycles below 250cc, and forklifts.

Private hospitals and domestic flights, except for rural air services, will not be taxed either.

Subromaniam also said at the media briefing on Thursday that the number of service tax-applicable businesses is 43.49 per cent compared to 65.85 per cent of services that were GST-applicable.

"There were 472,000 business that were registered with GST, but we expect only 80,000 businesses to register with SST," he said.

"About 85 per cent of businesses will be out of the tax net," he was quoted as saying by The Star newspaper, adding that this would help reduce prices as small manufacturers, cottage industries and small retailers will not be burdened by taxation.

Finance Minister Lim Guan Eng said at the media briefing on Thursday that the SST threshold for eateries will be increased to RM1.5 million (S$500,000), reported The Star.

This means only eateries that make RM1.5 million and above annually will be subject to SST.

"We received feedback from owners of coffee shops and nasi kandar restaurants, (and) they have asked for the threshold to be increased from RM500,000 (under the GST).

"Some have asked for it to be increased to RM3mil annually, which it is a bit too much.

"So only if your annual turnover is above RM1.5mil will you be subject to SST," Lim said at the briefing on SST at the Treasury building.

http://www.asiaone.com/malaysia/malaysia-impose-5-10-tax-goods-6-services

 

[glockman]

The SST seems like a more equitable tax system IMHO.

 

[Hypocrite-The]

Actually..GST is a very easy way to generate revenue. The problem is in many countries its just 1 tax out of other taxes etc. In Ozland, like food is not subjected to GST,,but its hard to implement, because if u buy a whole fruit,,no GST,,,but when the supermarket slice the watermelon,,it has GST,,what crap is that? and despite no GST,,,food prices has risen,,,and inflation still high...and worse thing is luxury food,,,has no GST and its the rich that makan this stuff the most. Actually I support a properly implemented GST,,,,on the condition that the poor get higher GST rebates,,,,and low income earners pay no tax. Businesses below 100K also no tax,,,that means hawker fares etc is not tax. They just pay the GST on buying the stuff,,,,and all this finance by high taxes on luxuries. For example,,bring back the luxury car category COE,,,,so those super cars etc get taxed more. to the rich,,they spend 1 million on car is cheap,,as its their option,,better than being in a high taxing Country,,,,,and luxury car road tax...if the rich want to be cheap and drive a Kia,,,than its up to them. But to the rich,,these are wet wet water to them,...and for makan at restaurants,,,eliminate the service charge,,bcos its to the restaurant bottom line,,,,not to the workers. that way,,these distortions which hurt the working class the most are eliminated.

The thing is in singkieland,,there is a tax ontop of a tax,,,u pay water bill,,got GST and got water conversation tax,,and the GST is on the water conservation tax,,what BS is that?

 

[whoami]

The thing is in singkieland,,there is a tax ontop of a tax,,,u pay water bill,,got GST and got water conversation tax,,and the GST is on the water conservation tax,,what BS is that?

U keep saying is BS. Ur only a minority voice. MIW only listen to 70% sinkies and majority sinkies said is no BS. Huat Ah

 

[Hypocrite-The]

U keep saying is BS. Ur only a minority voice. MIW only listen to 70% sinkies and majority sinkies said is no BS. Huat Ah

Yes I know,,u support the MIW policies ,,,,

 

[Kopi0Kosong]

It's Official! Mad Hatter Abolished GST And Replaced It With GST! Still Think Oppies Can Be Trusted? Flip Prata More Than Prata Seller!KUALA LUMPUR - Malaysia will impose a tax of between 5 and 10 per cent on the sale of goods, while services will attract a 6 per cent levy when a new tax regime comes into effect on Sept 1, ..."So only if your annual turnover is above RM1.5mil will you be subject to SST," Lim said at the briefing on SST at the Treasury building.
http://www.asiaone.com/malaysia/malaysia-impose-5-10-tax-goods-6-services

Looks like you are the ignorant person who needs to learn to speak the truth. Who is the Opposition? Dr M and his team? Another characteristic trademark of the arrogant and incompetent PAP Woof woof - lying and barking false information, and acting smart. Sad but true. There is no hiding the real truth.

 

[ginfreely]

LOL cheapo mudlanders that voted for no GST kena conned. Obigood!

 

[JohnTan]

Looks like you are the ignorant person who needs to learn to speak the truth. Who is the Opposition? Dr M and his team? Another characteristic trademark of the arrogant and incompetent PAP Woof woof - lying and barking false information, and acting smart. Sad but true. There is no hiding the real truth.

I am a non-partisan grassroots leader. I speak the truth without fear nor favour as what PAP has always expected of all sinkies except oppies.

Dr M and his team were the oppies before they won a freak election by making promises they did not expect to keep since they were expecting BN to win as usual.

The fact is that Dr M did replace the existing GST with a new GST. Calling it as 'SST' doesn't change the fact that taxes are still imposed on both goods and services.

 

[whoami]

Yes I know,,u support the MIW policies ,,,,

Haha...I no JT.

 

[glockman]

A tax system's main purpose is to generate funds for the construction and maintenance of infrastructure, and also provide salaries for public servants. It is not supposed to squeeze taxpayers for every cent to fund exorbitant ministers' salaries and build showcase infrastructure to impress the world. While the people suffer.

 

[syed putra]

Actually..GST is a very easy way to generate revenue. The problem is in many countries its just 1 tax out of other taxes etc. In Ozland, like food is not subjected to GST,,but its hard to implement, because if u buy a whole fruit,,no GST,,,but when the supermarket slice the watermelon,,it has GST,,what crap is that? and despite no GST,,,food prices has risen,,,and inflation still high...and worse thing is luxury food,,,has no GST and its the rich that makan this stuff the most. Actually I support a properly implemented GST,,,,on the condition that the poor get higher GST rebates,,,,and low income earners pay no tax. Businesses below 100K also no tax,,,that means hawker fares etc is not tax. They just pay the GST on buying the stuff,,,,and all this finance by high taxes on luxuries. For example,,bring back the luxury car category COE,,,,so those super cars etc get taxed more. to the rich,,they spend 1 million on car is cheap,,as its their option,,better than being in a high taxing Country,,,,,and luxury car road tax...if the rich want to be cheap and drive a Kia,,,than its up to them. But to the rich,,these are wet wet water to them,...and for makan at restaurants,,,eliminate the service charge,,bcos its to the restaurant bottom line,,,,not to the workers. that way,,these distortions which hurt the working class the most are eliminated.

The thing is in singkieland,,there is a tax ontop of a tax,,,u pay water bill,,got GST and got water conversation tax,,and the GST is on the water conservation tax,,what BS is that?

Poor don't pay tax, they don't feel the pain of paying taxes, and do not care how the gahmen waste money.

 

[ginfreely]

A tax system's main purpose is to generate funds for the construction and maintenance of infrastructure, and also provide salaries for public servants. It is not supposed to squeeze taxpayers for every cent to fund exorbitant ministers' salaries and build showcase infrastructure to impress the world. While the people suffer.

Hey your ccb Malaysian tail is out busy defending your beloved Mahathir.

 

[ginfreely]

I am a non-partisan grassroots leader. I speak the truth without fear nor favour as what PAP has always expected of all sinkies except oppies.

Dr M and his team were the oppies before they won a freak election by making promises they did not expect to keep since they were expecting BN to win as usual.

The fact is that Dr M did replace the existing GST with a new GST. Calling it as 'SST' doesn't change the fact that taxes are still imposed on both goods and services.

And the fact is it’s almost doubled tax rate for some goods at 10%!

 

[syed putra]

SST not as cumbersome as gst with its pay and refund and its paperwork.
Even better, tax on profit should be abolish to be replace by tax on revenue. Say 1 or 2%.that way both profitable and loss making companies pay taxes. Tax on profit penalise well managed companies.

 

[ginfreely]

SST not as cumbersome as gst with its pay and refund and its paperwork.
Even better, tax on profit should be abolish to be replace by tax on revenue. Say 1 or 2%.that way both profitable and loss making companies pay taxes. Tax on profit penalise well managed companies.

GST accounting is pretty standard process and nothing cumbersome at all.

 

[Hypocrite-The]

SST not as cumbersome as gst with its pay and refund and its paperwork.
Even better, tax on profit should be abolish to be replace by tax on revenue. Say 1 or 2%.that way both profitable and loss making companies pay taxes. Tax on profit penalise well managed companies.

Gst is a tax on revenue. Tat why it popular with gahmen...

 

[Kopi0Kosong]

I am a non-partisan grassroots leader. I speak the truth without fear nor favour as what PAP has always expected of all sinkies except oppies.
Dr M and his team were the oppies before they won a freak election by making promises they did not expect to keep since they were expecting BN to win as usual.
The fact is that Dr M did replace the existing GST with a new GST. Calling it as 'SST' doesn't change the fact that taxes are still imposed on both goods and services.

What a statement and claim! In short, the PAP is extremeLEE biased, unfairLEE prejudiced for or against someone or something. This is present day Singapore.

 

[JohnTan]

What a statement and claim! In short, the PAP is extremeLEE biased, unfairLEE prejudiced for or against someone or something. This is present day Singapore.

PAP leaders have successfully sued oppies for defamation and PAP ministers have been made to pay damages and publish written apologies to oppies like Chiam for defaming him. That is and has always been Singapore, fair to all regardless of race or religion or partisan politics.

Being fair to all, regardless of race and religion is considered an abomination in jiuhu and indon. Just look at their local politics that involves race and religion.

 

[Kopi0Kosong]

I am a n...
Dr M and his team were the oppies before they won a freak election by making promises they did not expect to keep since they were expecting BN to win as usual.
The fact is that Dr M did replace the existing GST with a new GST. Calling it as 'SST' doesn't change the fact that taxes are still imposed on both goods and services.

The expert passed judgement on events and leaders of another country.
The expert classified it as 'A freak election'.
The expert assumed and accepted 'things at face value'.
The expert branded a national leader as a cheat and a liar, and then took his words as representation of truth, without understanding the intricacies behind.

Mirror, mirror on the wall, WHO IS THE BIGGEST LIAR OF THEM ALL?

 

[JohnTan]

The expert passed judgement on events and leaders of another country.
The expert classified it as 'A freak election'.
The expert assumed and accepted 'things at face value'.
The expert branded a national leader as a cheat and a liar, and then took his words as representation of truth, without understanding the intricacies behind.

Mirror, mirror on the wall, WHO IS THE BIGGEST LIAR OF THEM ALL?

Singapore is not as lawless as jiuhu.

A freak election result is considered illegal. The SAF and the PA grassroots leaders will intervene in the event of a freak election result like what we saw in Jiuhu.