PM just announced that Capital Gains Tax is being studied to be implemented in 2024.

How do you think it would be implemented? What rate? Will longer holding periods get a lower Tax?

What are your thoughts on the impact to the local capital markets, especially the Stock Market

Wah Malaysia got capital gain tax liao

MYR -> SGD/HKD

Good business for Big 4 consultancy groups and corporate lawyers who help send monies to tax havens.

Tax the rich

Luxury tax on the way already soon

Wait for 2025 for CGT to come in place

Why not GST now, everyone pay tax.

You should ask PMX why 🤦‍♀️

The reason is likely because of elections coming soon and inflationary plus business is resistant to it and not ready for it

math failed... now b80

want more help

or gst only applied on t20??

Too many poor people with large families.

You both failed 🤦‍♀️ GST doesn’t apply to essential goods hence poor families are not affected in the 1st place 🤦‍♀️

SST is even worse because it is wholesale tax while GST progressive consumption tax

for everyone huh??
those holding listed shares too....

I was thinking only those selling their unlisted shares (Vendors shareholders going for IPO listings) kena that new tax?? No??

PMX already announced for now it is only unlisted shares this year next budget we won’t know

That is why for the details for more clarity

Hello. They consume more la.

Imagine Milo. Rich and poor also buy.

The difference is the Milo lasted longer for the rich fella with smaller families compared to the poor fella with large families.

And essential or not, prices will go up because of added cost to do business like transportation, office expenses and etc.

If a Milo 1kg is 25 bucks, don't tell me it will remain 25 bucks after GST. As per last time, the price actually went up by 2-3 bucks.

And rich fella probably buy every 2-3 months compared to the poor fella every 2-3 weeks. So, who consume more?

oh ya.
when gst launched

i almost pay zero tax because gst only apply on non essential goods.

gst only tax luxury and rich fag
brain 404

Why use Milo when there are better alternatives 🤦‍♀️

The prices went up not because of GST but business take advantages for price increase 🤦‍♀️ cost is the still same but businesses take advantage 🤦‍♀️

The less consumption and demand for it will make it cheaper but to the poor and uneducated can’t blame them because they are only familiar with it

And one more thing Milo is not an essential product in the 1st place 🤦‍♀️ unlike fresh milk

This post has been edited by xander2k8: Feb 24 2023, 06:31 PM

Because Milo is very common for everyone and easier to understand for layman.

U expecting the poor to downgrade to fake chocolate drink? They also don't want la.

Whether the business take advantage or not is the issue. Other costs will go up during GST like last time.

How about expenses for new accounting software and extra cost to hire staff to handle the GST calculations and payments. These expenses made business more expensive after GST implementation. Surely, u don't expect the business owners to absorb the cost completely? Perhaps after 10 years or so, they may but the first few years, everything will be expensive.

Of course, GST is a fairer tax because everyone pays from sick, old, illegal, young and even dying but unlike other countries, it is almost impossible to satisfy everyone especially since tax collections is quite low in MY. MY simply has too many poor people not paying taxes or not even qualified to pay at all.

This post has been edited by acbc: Feb 24 2023, 06:37 PM

That is why GST is better than SST because a lot of things are in fact cheaper than what ppl think 👏 you’re lucky to pay zero tax

1stly your example is wrong and failed because Milo is not an essential product because it processed product unlike Milk or raw cocoa 🤦‍♀️

Those who drink Milo are addicted to preservative that Nestle added in to make them addicted to it 🤦‍♀️

I have not been drinking for more than 30 years as it is cheaper to make my own chocolate drink instead

that's why I'm doubt....

needed more info first....

Never trust any govt as the devil in the details

They can U turn anytime if they want to and if the desperate to balance the books and more expenditures

I also doubting that statement which is why I wait for the details

That's you but others may not agree with u nor have the time to make their own chocolate drink. It is simply easier to just buy from the shelf.

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 🤦‍♀️