You want convenience you pay GST for processed products 🤦‍♀️ it is a simple as that as humans always have choices if you want to save money

GST is only exempted for raw materials and it has been in use in countless countries since the 90s

True but it doesn't work here.

It may eventually but as the gomen is quite unstable, politicians also afraid of losing power because of unpopular decisions.

All seems like rush jobs...

U turn seems like norm for any sitting gomen 😋

Wait till they have no money for development expenditures then will start implementing 🤦‍♀️

Anwar already hinted that GST is coming once inflation is going down and economy is growing

Not rush job but out of ideas to generate revenue and curb leakages

PH will have more U turns than BN as history shows 🤦‍♀️

Needed jibby bossku for ideas....
Everything also have solutions & cash is king... Everyone happy 😎

feels like anwar trying to force companies to list their stocks on bursa. This coupled with the fact 1.5 mil tax break given to companies who are listed on ace and leap market

I doubt many Malaysians know how to report capital gain tax. Still remember the cost you bought 20 years ago? Still remember how much loss you suffer last year? Probably even lost track of what has been bought this year because don't know how to use online website. Many aunties uncles play stocks but totally computer illiterate. Most probably won't even file tax report.

Not easy to list shares without going through audits and satisfy revenue records. Also, how often people sell unlisted shares anyway? Even for listed shares if your local share market is dead then there is very little revenue government can get from it. As for foreign share profit, government has no authority to audit them and only rely on taxpayers to self report, and do you think they will be honest?


This post has been edited by vhs: Feb 25 2023, 01:16 AM

In the 1st place it is not that easy to list as SC scrutinise and control the listings in order not to have many so that it won’t dilute the markets 🤦‍♀️

The tax breaks itself only will be given to certain companies which meets the criteria itself and not every Tom dick and Harry SMEs can meet it

Don’t forget to list in Bursa the listing fee itself will be doubled of the tax breaks and don’t forget book making fees which cause ten of millions so those companies won’t not be doing that just to get tax write off 1.5million 🤦‍♀️