Gold Investment Corner V8, All About Gold
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 Mar 21 2015, 12:06 AM
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#1
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Senior Member
1,061 posts Joined: Feb 2006 From: Out of Service   
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you buy mineral water rm1.00 no fee but got GST rm0.06.
meaning to say, other gold, except LBMMA 999.9 need to pay premium 6%. those GST on transaction fee only applicable for withdraw money / IBG transfer, not buying physical or paper gold. |
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Mar 21 2015, 02:23 PM
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#2
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Senior Member
1,061 posts Joined: Feb 2006 From: Out of Service
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QUOTE(infernoaswen @ Mar 21 2015, 01:32 AM) How exactly do you calculate that 6%??? you buy car RM40k how u calc 6%? based on commision to salesman only?- You buy UT, the 6% is charged based on SC. So instead of 2% SC, it will now be 2.12%. - You buy stocks, 6% is charged on brokerage fee & clearing fee.  QUOTE(knight @ Mar 21 2015, 01:52 AM) Mati la like that. If buy gold will kena GST, when when we buy online from BSM sure have to do online transaction am I right. So meaning another 6%?? mati or not dont know la. but as far as I know is like that one la.Am I wrong?? What is LBMMA?? Ok, Lets say I want to buy gold next month from BSM and the price let's say at RM4000. How much will I get charged additional?? sorry its LBMA = The London Bullion Market Association means only LBMA certified gold (pamp suisse, kijang emas) is exempted from GST. you buy from BSM (buysilvermalaysia?) depends on what type of gold. if LBMA certified no problem. otherwise 6% on top of price of gold that you pay + another 6% of any charges imposed by BSM (if any) (assuming BSM didnt absorb GST and want charge you) http://www.treasury.gov.my/pdf/gst/gst_kecuali.pdf anyways this is all based on my understanding from various reading over other blogs. if u hav other info pls share n correct me if im wrong. |
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Mar 23 2015, 07:08 PM
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#3
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Senior Member
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QUOTE(devilkid84 @ Mar 23 2015, 07:05 PM) this GST implementation still got alot of grey areas haven't clarified cleary. buy from person not goldsmith?  cannot imagine what to untung if got 6% charge when sell or buy gold  |
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Mar 26 2015, 10:33 AM
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#4
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Senior Member
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QUOTE(alanwch @ Mar 26 2015, 10:21 AM) Thank you for the info. But the salesman told me got workmanship charge on top of it RM 200. if you want to buy gold bar / coins for investment better go buy with banks / BSM / dealer TOMEI / goldsmith only jewelry. |
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