STOCK MARKET DISCUSSION V141, KLCI breach 1800
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 Oct 27 2013, 04:40 PM
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#1
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Staff
25,802 posts Joined: Jan 2003 From: Penang  
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QUOTE(KVReninem @ Oct 27 2013, 04:13 PM) layman term pls If brokerage charges is under GST, means the commission part is subjected to 6%.   Aka if buy a stock Rm10,000, broker commission is 0.42% aka Rm42 x 6% = RM 2.52 Everyday if the market transaction value is RM 1 billion, at 0.42%, GST amount become Rm4.2 million x 6% = 252k. |
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Oct 27 2013, 05:11 PM
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#2
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(kueyteowlou @ Oct 27 2013, 05:04 PM) brokerage with gst , maybe will void Stamp Duty? Since there is stamp duty, may mean either one will be imposed.If not, it is like double taxation already. Just like property got stamp duty, so no GST. So we need to wait for the clarification on details of GST. |
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