---mistake on understanding, post deleted before /k lunch hour all come shoot me---

This post has been edited by CyrusWong: Mar 15 2015, 11:00 AM

Edited

This post has been edited by GreenSamurai: Mar 15 2015, 10:31 AM

6% GST will instead apply on credit card annual fees – which can range RM70 annually to over RM1,000, depending on the type of card.

english failed?

Annual fee can range from 70 to 1,000. now will charge 6% from that.

---mistake on understanding, post deleted before /k lunch hour all come shoot me---

This post has been edited by CyrusWong: Mar 15 2015, 11:00 AM

ur english really failed?

Annual fee of a card of that bank can range form 70 to 1,000. Now charge 6%..max 1,000*0.06 = 60.

isn't that it is talking about the result of 6% charge is range from rm70 to rm1000+?

This post has been edited by CyrusWong: Mar 15 2015, 10:45 AM

No. Brush up ur english

damn..... if like this then susah la nak blame government...susah la nak buat "perhimpunan" pes ni...haish

Sorry

because statement didn't really say it is the "range of result of 6% charge" or "range of annual fee that will be charged", because the front part of that sentence the main point is talking 6% charge while anual fee is statement supporting, thought the behind part is talking related to the 6% charge.

This post has been edited by CyrusWong: Mar 15 2015, 10:53 AM

You only pay gst for the services they charge you (i.e. your annual fee) for using their credit card as a service.

Hence if you have a waiver on your annual fee, no gst implemented.

It's not based on the number of purchase used with your credit card.

convert your payment to EPP kena TAX?. Lets say you convert rm3k payment made to 12month EPP. Usually bank will charge interest rates of 3% to 5%. If got GST, 3% + 6% = 9% You kena interest rates of 9% from the service that the credit card company provided?

no, interest no charge.

admin fee charge.

what about MB cc which waives annual fees?

NOT every bank will give you waive annual fees when you call , my case few years with citibank gold card as many said just call up if they don't give say cancel cc sure they give you waive. So I called them up they denied if I wanted to waive must take RM10K(I forgot exact amount) personal loan from them with special interest. I told them don't need PL if they don't waive I want to cancel my card and CS said "Ok sir no problem we can do that before we can cancel your card our system show there are RMxxxx outstanding please clear this payment then call us back so we can proceed cancelling your card" that time I was I damn angry settle and call them to cancelled!



Gov not stupid enough to abolish this tax, if GST depend on annual fees if bank waive the gov earn nothing.

WOI BAGUI SIAL, 6% atas annual fee memang MURAH BEB.

Usually bank will waive our annual fee, else terminate that card



Reapply from another card salesman and get rebates too

How many of you already paid RM50 Gov Tax for 2015?

Jan - Mar 2015 - Gov Tax RM50, What happened to Apr - Dec 2015? GST?

I paid RM50 Gov Tax on Jan 2015. My annual fee was waived Mar 2015, so Apr - Dec 2015 should be exempted from GST.

Is the Gov going to refund part of RM50, only used for 3 months Jan - Mar 2015 ?! Like this, so many RAKYAT kena tipu !

Eg. 1 million credit card x RM10 already RM10 million !!!

Based on OCBC FAQ
http://www.ocbc.com.my/assets/pdf/gst_faq_customers.pdf
Q31: If I have paid the annual fee and service tax before 1 April 2015, will the service tax be refunded if the Bank later approves a waiver of the annual fee?
Answer: No, a reversal of the transactions will be done by the Bank to refund the annual fee only.

Anyone else got other feedback from different bank.

Face value looks ad if only 6% but intruth u get taxed multiple times from many sides

This post has been edited by olman: Mar 23 2015, 08:44 AM

Some aldy paid the rm50 is very butthurt here