yes; you dont under estimate the upmarket here.

Giant out, soon tesco also out.
Blame to speedmart99 concept that kill this hyperstore

This statement "mark-up through every stage of the trade" is misleading. There's no mark-up every stage as the following stages do not need to pay sales tax anymore.

This statement "All will be refunded except the end user" is also not really right. On paper it should have been refunded but in reality the previous BN government failed to do so causing everyone to mark-up their price to absorb the 6% GST.

This statement "if use the product in restaurant, you pay another 6% on top of the 10% SST (paid by factory)" is only true if the product comes from factory. In actual fact, a lot of foodstuff are exempted from SST. Do not mislead people as some people mistake the 10% service charge by restaurant as part of SST. The 10% service charge by restaurant are not tax collected by government but compulsory tipping by restaurants.

This post has been edited by Namelessone1973: Feb 3 2020, 05:20 PM

foreign player cannot survive in S&S unless they controlled their own shipping
else foreign player like tesco, NSK, AEON, jaya grocer already long entered sabah

there must be more to that, just that i can't figure out why
but they all see it and didn't enter sabah market

Think bigger la dei

They once jacked up the price of bottle tap water n mineral water when miri was hit by diesel contamination at the water plant.

Then they kena fined by the authority

hypermarket not relevant anymore. look what happend to lowyat and pc fair

Topkek at this statement.

because e-mart

SST may suffer Tax Cascading. That means, during every stage the product goes through, the amount of tax cascaded. Go ask your accountant friend. Or here is a simple illustration.

Item cost RM100. SST RM10

So out of factory will cost RM110 (or 100 + 10)

Assuming wholesaler mark up another 10%. You may ended up with 121 (or 110 +11)

Assuming retailer mark up another 10%. You may ended up with 133.10 (or 121 +12.1).

From this simple illustration, the tax part becomes 12.10 instead of 10


As for refund part. ONLY those who produces Zero rated goods or for export will that problem
For normal retailer, no such thing.