gold is not liquid enough as investment

plus, it's high risk - u won't know if the gold bar you have in your possession is really 99.999% pure gold or just 96% gold. i can't tell any difference at all

agreed, but if GIA, should be not much problem.

as for "checking" gold purity, I think have some machine to test it. Not sure how much it cost

I saw a mention about GST on shares, on selling.

But when I went through the budget summary from the govt, no mention of that.

Hope no GST on shares and ASX.

What I know is that Fixed Price ASx is excepted from GST. Only those Variable ASx have GST

Walao. How they calculate o. Sc ad 5 ad. When this vtec kick in. Is it may? Hope not April...

SC is subject to 6% GST

Suppose RM1 billion trading volume per day at KLSE, 6% = RM60 million /day.

Over a year, 60*220 = RM13.2 billion pa GST extra revenue for the govt!

At the expense of those who are into shares.

If kena GST on selling a losing share, then it is really adding acid/salt to injury!

Maybe tax is only on profit (=capital gain tax?) I thought CGT is PKR's push and BN is not implementing that at the moment.

This post has been edited by plumberly: Oct 31 2014, 08:38 PM

only the SC has GST, am i right?

that means for RM 100k purchase, a 5% SC = RM 5,000

6% GST from RM 5,000 SC = RM 300

so total SC + GST = RM 5,300 ?

CGT was put aside by govt, saying that it may affect FDI.

we only have 1 kind of CGT at the moment, that is the RPGT.

munkeyflo dear, can you please enlighten us on GST for ASNB transactions?

Looks correct like what wil-i-am said previously

but I'm not sure when withdrawing our money. Tat one also kena GST?

This post has been edited by nexona88: Oct 31 2014, 10:03 PM

Walao.... how cover if really like that.

6% GST based on Brokerage Charges (BC) of RM1 bil value
If BC is 0.42%, GST is RM1 bil x 0.42% x 6% = RM252k

U r rite

There is no 6% GST as long as UT co dun impose any SC on withdrawal

thanks for the info

so the best choice is Fixed price ASx, NO GST

I see. Only on the SC.

Then RM 1 billion volume per day at KLSE = RM300*10000=RM3 million /day.

1 year = RM660 million GST tax revenue for the govt. Still a lot of money,

....

Whhyyyyyyyyyyyyyyyyyy. So expensive.

They need to get the money for BR1M, subsidies, BIG & small projects, you-know-what, pay increases, etc.

Don't mind this GST if they know how and will use the money PROPERLY for the country and citizens.

Sorry, off topic.

Hi, wanna ask all sifu, is it possible to open a joint name account for amanah saham?