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Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)
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nexona88
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 Sep 15 2015, 10:51 AM
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QUOTE(smartinvestor01 @ Sep 15 2015, 10:48 AM) Yape, based on what their reply previously stating that the fixed price funds involved national interest.. Just that, always plan for the worse just in case, the approval was not granted by LHDN.. So if its granted for the exemption, it would be a bonus.. Being exempted, LHDN have to forgo a lot of taxes that could not be collected once the exemption is approved.. Taking into the consideration that the nation might need higher reserve, i think it is better to be neutral (not to be too confident).. Just play safe.. if u read at the income tax thread.. LHDN came after one fellow even after 20 years. asking for payment  |
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wil-i-am
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Sep 15 2015, 11:04 AM
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QUOTE(smartinvestor01 @ Sep 15 2015, 10:32 AM) I just to update here on my inquiries on the income tax exemption to ASNB.. Here is their reply.. This means that the income tax exemption for ASM and ASW2020 would be reapplied next year and to be subjected to the approval of LHDN.. As such, I believe that we could only identified the approval of the income tax exemption in maybe the next publication of Master Prospectus 2016/2017.. As per procedure, ASNB need to submit application to LHDN Bts, LHDN will grant approval on tax exemption as this have been on-going since inception This post has been edited by wil-i-am: Sep 15 2015, 11:15 AM |
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Hansel
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Sep 15 2015, 11:06 AM
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The irony of the matter is :-
1) On the FP to VP matter : if there is going to be any change, The MP will only reflect the change in the 2016/2017 version.
2) On the Taxation matter : if again, there is going to be any change, the MP will only reflect the change in the 2017/2018 version.
We can't depend on the MPs for any hints of any possible changes that might take place.
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TS[Ancient]-XinG-
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Sep 15 2015, 11:12 AM
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QUOTE(smartinvestor01 @ Sep 15 2015, 10:40 AM) The current master prospectus is dated 30 June 2015 and expires in 29 June 2016.. Looks like its still quite sometime for us to wait before the new prospectus 2016/2017 would be uploaded or printed.. ^^ Eh I tot they must announces the fp thing which is due 311215? |
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smartinvestor01
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Sep 15 2015, 11:14 AM
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QUOTE(Ancient-XinG- @ Sep 15 2015, 11:12 AM) Eh I tot they must announces the fp thing which is due 311215? Oh.. what i mentioned here is on the income tax exemption for ASM and ASW2020 as both of these are exempted till 2016.. Not related to the conversion of fixed price funds to variable price funds.. This post has been edited by smartinvestor01: Sep 15 2015, 11:14 AM |
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TS[Ancient]-XinG-
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Sep 15 2015, 11:18 AM
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QUOTE(smartinvestor01 @ Sep 15 2015, 11:14 AM) Oh.. what i mentioned here is on the income tax exemption for ASM and ASW2020 as both of these are exempted till 2016.. Not related to the conversion of fixed price funds to variable price funds.. Hmm... Then when we will know the FP thing. If not mistaken it will not making any announcement if fp is still remain as fp... |
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smartinvestor01
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Sep 15 2015, 11:24 AM
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QUOTE(Ancient-XinG- @ Sep 15 2015, 11:18 AM) Hmm... Then when we will know the FP thing. If not mistaken it will not making any announcement if fp is still remain as fp... Actually i believed that there would be no announcement if it is maintained.. Anyway, i am more concern on the income tax exemption only.. |
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!@#$%^
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Sep 15 2015, 11:26 AM
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QUOTE(smartinvestor01 @ Sep 15 2015, 11:24 AM) Actually i believed that there would be no announcement if it is maintained.. Anyway, i am more concern on the income tax exemption only.. i guess it has been renewed many times before this. just that nobody highlighted it before |
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nexona88
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Sep 15 2015, 12:39 PM
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if anyone thinking of top-up AS1M via maybank2u, please be inform that the Suspension Period start at 19th (5.01pm) to 30th September 2015 (11:59pm)
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Ramjade
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Sep 15 2015, 12:44 PM
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For FP, if no change = no announcement. Only if change got announcement. So no news is good news in this case.  |
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wil-i-am
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Sep 15 2015, 12:59 PM
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QUOTE(smartinvestor01 @ Sep 15 2015, 11:14 AM) Oh.. what i mentioned here is on the income tax exemption for ASM and ASW2020 as both of these are exempted till 2016.. Not related to the conversion of fixed price funds to variable price funds.. It shld b until YA 2016 Tis means ending 31 Dec 2016 which is still a long way to go |
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CP88
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Sep 15 2015, 01:03 PM
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QUOTE(wil-i-am @ Sep 15 2015, 12:59 PM) It shld b until YA 2016 Tis means ending 31 Dec 2016 which is still a long way to go Can reap another year of dividend  |
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nexona88
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Sep 15 2015, 01:04 PM
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QUOTE(Ramjade @ Sep 15 2015, 12:44 PM) For FP, if no change = no announcement. Only if change got announcement. So no news is good news in this case. yes Mr Obvious  |
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wil-i-am
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Sep 15 2015, 01:09 PM
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QUOTE(alexanderclz @ Sep 15 2015, 11:26 AM) i guess it has been renewed many times before this. just that nobody highlighted it before Based on MP, the tax exemption was from YA 2007 to YA 2016 for ASM n ASW Based on history, the extension of tax exemption is valid for up to 10 yrs |
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smartinvestor01
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Sep 15 2015, 01:16 PM
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QUOTE(wil-i-am @ Sep 15 2015, 12:59 PM) It shld b until YA 2016 Tis means ending 31 Dec 2016 which is still a long way to go Yes, the dividends received for that year would be tax exempted.. |
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MGM
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Sep 15 2015, 02:27 PM
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QUOTE(smartinvestor01 @ Sep 15 2015, 11:24 AM) Anyway, i am more concern on the income tax exemption only.. By 2016, all income earned from Bluechips/companies have all been taxed once when they pay dividend(single-tier). |
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smartinvestor01
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Sep 15 2015, 02:32 PM
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QUOTE(MGM @ Sep 15 2015, 02:27 PM) By 2016, all income earned from Bluechips/companies have all been taxed once when they pay dividend(single-tier). Yape, i heard about that before.. Thats where i also heard that dividends receivable by unit trust is not taxable already as the dividends received from the companies have already being taxed.. You expert in this? Need some enlightment from you.. |
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wts6819
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Sep 15 2015, 06:28 PM
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Guys, wanna ask your expertise here.
I want to get ASB Certificate from the bank(Cimb) I get the loan. Can I get it from any Cimb branch?
I need this copy for me to get thru my housing loan.
Please advise. Thank you.
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nexona88
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Sep 15 2015, 06:49 PM
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QUOTE(wts6819 @ Sep 15 2015, 06:28 PM) Guys, wanna ask your expertise here. I want to get ASB Certificate from the bank(Cimb) I get the loan. Can I get it from any Cimb branch? I need this copy for me to get thru my housing loan. Please advise. Thank you. I think u should go ask from the CIMB branch u took the ASB loan  |
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TS[Ancient]-XinG-
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Sep 15 2015, 09:40 PM
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Post 3721 ## Thanks for all the inputs and lets continues the discussion on new thread! HUAT AHHHHHHHH https://forum.lowyat.net/topic/3711755This post has been edited by [Ancient]-XinG-: Sep 15 2015, 09:47 PM |
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