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Our Spending Power down.. feel the pinch?
- Thread starter pia
- Start date
No GST over the causeway. Right, price comparison is relative to income levels (parity of income/expenditure level. For example, bigmac benchmarking in diff countries).
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there's GST, but not fully implemented only. because i remembered i was commenting to my mama that GST in M'sia was higher than Singapore... i happened to be looking at the receipt... :p
Zhihau, nein. Intentions were for GST rollout few years back. But as with many things Msia, this got put back on backburner..
Else, would have been a BIG backlash... sodomees, sodomers, immigrants and sons of the earth includedEither you kena 10% service tax instead, or was simply opportunistic pricing:p
Zhihau, nein. Intentions were for GST rollout few years back. But as with many things Msia, this got put back on backburner..
Either you kena 10% service tax instead, or was simply opportunistic pricing:p
hmm... you could be right... i should go to Genting to find out exactly what tax is that...
actually if not taking into currency conversion into consideration, eating out in Msia certaintly cost more than Spore. Some of their buffet in hotel already cost more than RG$100.00. Taking into account that average income of an office worker to be around RG$2000.00, it very costly to eat out.
It only the life neccessity that is cheap as those items are heavily subsidied by the Msia govt. That one of the reason why many sporeans drive to JB to shop for grocery and petrol and now CNG.
you mean the 10% i paid for is the Govt. tax?
tink dat 1 was gahmen service tax ... applicable @ f&b outlets oni ... however, if u eat @ roadside big signboard stalls, dey dun charge u dat ...
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Gents, to put this tax in right perspective and your ringgit spending power over the causeway (in keeping with this thread). Most small establishments below a threshold turnover -no service tax. So, zhihau you can cramp your lifestyle and save on service tax too. Also to bury GST vagariesWobble said:
http://www.internationaltaxreview.com/default.asp?page=62&PUBID=262&ISS=22909&type=2&SID=662163
Sales tax
Sales tax is charged and levied on all taxable goods:
manufactured in Malaysia and sold, used or disposed of, by any person who is, or is required to be, licensed under the Sales Tax Act 1972; or
imported in to Malaysia by any person for home consumption.
The Minister of Finance has prescribed the rate of sales tax to be levied, ranging from 5% to 15% of the value of the goods or other applicable rates.
Service tax
Service tax is payable on any taxable service provided by any taxable person, that is, a person carrying on the business of providing such taxable service. The rate of tax is 5%.
Goods and services tax
The implementation of a goods and services tax (GST) in Malaysia was proposed in the 2005 Budget to replace sales tax and service tax. No date or rate has yet been fixed for GST although the authorities have indicated that it could be implemented within the next two to four years. There is currently no draft legislation for GST.
More bedtime reading:
http://www.deloitte.com/dtt/cda/doc/content/dtt_tax_highlight_malaysia(1).pdf
http://www.lawyerment.com.my/tax/service.shtml
Pia, I was only trying to stretch zhihau's slush fund so he can afford to gallivant more over the causeway. :p
Or I appeal to his generosity to help me out to up my reduced spending power here.
then the 10% tax is what tax?
It is another media attempt to prep singaporeans for another round of pap minister pay increase....
It only applies to S'poreans spending in S'pore, I suppose. FTs earn their money here and spend back home.
Bros here feel the pinch? :(quote]
Bro,
With the govt calling for wage restraint, and the next minute hiked up the public transport fare, you tell me... are we feeling the pinch ?
Yes, everything goes up except salary. Now, no more luxurious goods or expensive food. As long can fill my stomach with delicious and affordable hawker food, good enough.
Air-con Foodcourts the best !!
Prices in between restaurant and hawker centre !!
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