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 10% tax on LVG sold online (1 Jan 2024)

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TScossie
post Dec 16 2023, 03:35 PM, updated 2y ago

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QUOTE
10% tax on low value goods sold online to kick in on Jan 1, 2024
By Chester Tay @ theedgemalaysia.com
15 Dec 2023, 08:49 pm

https://theedgemalaysia.com/node/694115



is this bad for us consumers?
narf03
post Dec 16 2023, 03:47 PM

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bad, not cause of the extra 10%, but how they collect that 10%. if you purchase something and you pay the extra 10% when you pay, no issue.

when it introduce new procedure, like you purchased something and it didnt pay the tax, get stuck at custom, you need to go declare whats that item, need to make additional tax payment for the RM10 item, then personally go collect that item, then technically gov is making everybody life difficult for nothing.
moiskyrie
post Dec 16 2023, 03:51 PM

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Shit leh....
I want buy nee machine so can start do business so I not starve to death....
So I really need starve to death....
Natsukashii
post Dec 16 2023, 03:53 PM

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Straight away 10% lol mmg nak kenakan rakyat

Make it 2% enough la

Senang senang GST for everything 1%

This post has been edited by Natsukashii: Dec 16 2023, 03:53 PM
TScossie
post Dec 16 2023, 04:22 PM

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sorry, i just saw this topic was raised yesterday.
I'll close this post ya.
thanks.
apologies to everyone.
TScossie
post Dec 16 2023, 04:23 PM

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https://forum.lowyat.net/topic/5427096
msacras
post Dec 16 2023, 04:40 PM

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No tax is gonna be good for consumers.

That been said, it’s long due as gomen practically didn’t earn anything from those low value goods before this.

Hope these extra revenues can make way to a proper use.

And yes, I’m an avid taobao, Shopee, Lazada buyer with foreign purchases amounting more than 30k to date.

This post has been edited by msacras: Dec 16 2023, 04:40 PM
msacras
post Dec 16 2023, 04:41 PM

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QUOTE(Natsukashii @ Dec 16 2023, 03:53 PM)
Straight away 10% lol mmg nak kenakan rakyat

Make it 2% enough la

Senang senang GST for everything 1%
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I’ve said this multiple times.

Gomen won’t ever consider any GST figure under 4% as the revenues collected will be even less than current SST system. You don’t get more money while still pissing off the people, even Najib wont be that dumb to go this path.

This post has been edited by msacras: Dec 16 2023, 04:43 PM
Natsukashii
post Dec 16 2023, 05:13 PM

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QUOTE(msacras @ Dec 16 2023, 04:41 PM)
I’ve said this multiple times.

Gomen won’t ever consider any GST figure under 4% as the revenues collected will be even less than current SST system. You don’t get more money while still pissing off the people, even Najib wont be that dumb to go this path.
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Mamak fooled us back then with the removal of GST. He's the mastermind behind the major issues now.

By the way, you really sure if 1% GST, still will be lower than the current SST system?

Like ordinary household, they may pay SST like once a month only.. when it comes to bills. Not everyday eat at eateries that charges SST.. however, they buy things everyday that may have GST. I think they'll end up paying more GST than SST.


msacras
post Dec 16 2023, 05:21 PM

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QUOTE(Natsukashii @ Dec 16 2023, 05:13 PM)
Mamak fooled us back then with the removal of GST. He's the mastermind behind the major issues now.

By the way, you really sure if 1% GST, still will be lower than the current SST system?

Like ordinary household, they may pay SST like once a month only.. when it comes to bills. Not everyday eat at eateries that charges SST.. however, they buy things everyday that may have GST. I think they'll end up paying more GST than SST.
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Yes, the break even figure of GST vs current SST(10&6%) is somewhere around 3-4%, 1% definitely won’t cut it.

With next year the SST figure increase by another 2%, I’ll say it’s safe to say 4% is the figure to beat.

SST worked at manufacturers/suppliers level, so end consumer don’t directly see it unlike GST.

This post has been edited by msacras: Dec 16 2023, 05:22 PM
Natsukashii
post Dec 16 2023, 05:27 PM

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QUOTE(msacras @ Dec 16 2023, 05:21 PM)
Yes, the break even figure of GST vs current SST(10&6%) is somewhere around 3-4%, 1% definitely won’t cut it.

With next year the SST figure increase by another 2%, I’ll say it’s safe to say 4% is the figure to beat.

SST worked at manufacturers/suppliers level, so end consumer don’t directly see it unlike GST.
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Right right.
Chanwsan
post Dec 16 2023, 06:30 PM

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Yes
stevenryl86
post Dec 16 2023, 07:10 PM

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GST instead of so many taxes for different things omg
SUSHasukiiXrd
post Dec 16 2023, 07:18 PM

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Lol, asal bukan pas... Lots non will support whatever dap lead govt do

Joke aside... I already kena liao... Bought wallet for myself and pay 150+ before DHL can deliver to my place

This post has been edited by HasukiiXrd: Dec 16 2023, 07:19 PM
dawnreaver
post Dec 18 2023, 09:44 AM

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This will help to curb impulse buys. laugh.gif
emino
post Dec 18 2023, 09:46 AM

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QUOTE(Natsukashii @ Dec 16 2023, 03:53 PM)
Straight away 10% lol mmg nak kenakan rakyat

Make it 2% enough la

Senang senang GST for everything 1%
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Start with 2 will be unfair to sellers selling local goods as they are taxed at 6%. The supposed purpose is to encourage people buying local products, instead of cheaper oversea products. Therefore must at least be more than 6. I guess 10% is going to make a difference in certain people's purchasing decision more than lets say 6-8%.
Lanchio
post Dec 18 2023, 10:17 AM

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Gomen pokai since Najib times. Why do you think got so much saman discount, tax here, tax there, endless income tax audit.

Now they think tax 10℅ on your RM100 online purchase is peanuts for you M40. Besides, next GE is far far away. Rakyat mudah lupa
Giant
post Dec 18 2023, 05:54 PM

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https://www.lowyat.net/2023/312915/10-onlin...x-january-2024/

not easy to understand

 

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