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 The PADU Thread, Everything related to PADU

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cckkpr
post Jan 3 2024, 01:19 PM

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QUOTE(xander2k8 @ Jan 2 2024, 06:30 PM)
Especially those T10 no purpose for them 🤦‍♀️ unless they want to lower down and claim subsidies particularly govt healthcare related hence why they need to filled in for PADU
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Most will be keen on the petrol subsidies. Those on Bantuan will not want to lose this benefit.
nexona88
post Jan 3 2024, 01:23 PM

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QUOTE(xander2k8 @ Jan 3 2024, 12:57 PM)
How to justify luxury car 🤦‍♀️ as some grey imports are cheaper than 150k 🤦‍♀️ the best way is to remove subsidies and all file income taxes and claim the rebates yearly as subsidies instead

That solves a lot of problems and the burden will be on the people and IRB to process the rebates instead
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Very simple...

Below 1800cc qualify... Above all not qualified...

Follow STR formula basis 😁
ronnie
post Jan 3 2024, 02:00 PM

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My Petrol subsidy
Motorcycle <250cc give RM100 a month
Motorcycle >250cc give RM0 / My50 Monthly Public Transportation pass

Car SRP value <50k give RM300 a month
Car SRP value <100k give RM200 a month
Car SRP value >100k give nothing / My50 Monthly Public Transportation pass

This post has been edited by ronnie: Jan 3 2024, 02:01 PM
guy3288
post Jan 3 2024, 02:14 PM

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QUOTE(ronnie @ Jan 3 2024, 10:50 AM)
the best is that if you never get anything now... don't stir the hornet's nest by declaring (real or fake)
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QUOTE(hunt2sp @ Jan 3 2024, 11:45 AM)
it's an open fishnet..... take care ppl
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gomen is digging how much you have.......dont bother man...
tehoice
post Jan 3 2024, 02:25 PM

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QUOTE(Rinth @ Jan 3 2024, 12:43 PM)
More than 1 house in LHDN system most likely edi not qualified edi...Doesnt matter you got income from it or got loan repayments...

Realistically govt want to help B40, or maybe some M40 to certain extent, think again, B40 can afford to buy house? yes maybe 1 but definitely not 2,3,4....

And for real B40 how much petrol usage that they really use? RM 100? RM 200 per month? how many cars they have? maybe 1, or max 2.... Compare to Fake B40/M40 which use net disposable income like in your scenario, how much petrol consumption for them? RM 400? RM 600 per month? subsidies real B40 govt only pay like RM 100-200 but subsidies fake B40/M40 govt need to pay RM 400 - RM 600 (assuming after petrol subsidy removed RON 95 price doubled)

The "net disposable income" is another trap to get more data from the M40/T20 segments....If u think u earn RM 10k (which previously considered T20) but your net disposable income only got 1k, means u spent RM 9k....so where u spent it? all is basic necessities? you sure? if only 20 % is basic necessities and others are loan commitment/asset generating payment, then u 100% not qualify to get the petrol subsidies.

So all in all, govt want to help who? B40 confirm they want to help, but mostly those real B40....not those fake B40....How bout M40? depends on data maybe and budget allocation..
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Another twist: how about M40 and T20 who genuinely pays tens of thousands in taxes? they don't deserve that couple of hundred of petrol subsidies? so B40 group who never pay income tax should be able to enjoy fully of all subsidies? a good message send by the gomen? you shouldn't do well, if you do, you will be penalised?
jack2
post Jan 3 2024, 02:25 PM

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QUOTE(tehoice @ Jan 3 2024, 02:25 PM)
Another twist: how about M40 and T20 who genuinely pays tens of thousands in taxes? they don't deserve that couple of hundred of petrol subsidies? so B40 group who never pay income tax should be able to enjoy fully of all subsidies? a good message send by the gomen? you shouldn't do well, if you do, you will be penalised?
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Yes, this is true...

You pay the taxes, you won't get any and the other parties get benefits.

This post has been edited by jack2: Jan 3 2024, 02:26 PM
Rinth
post Jan 3 2024, 02:32 PM

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QUOTE(tehoice @ Jan 3 2024, 02:25 PM)
Another twist: how about M40 and T20 who genuinely pays tens of thousands in taxes? they don't deserve that couple of hundred of petrol subsidies? so B40 group who never pay income tax should be able to enjoy fully of all subsidies? a good message send by the gomen? you shouldn't do well, if you do, you will be penalised?
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Yes indeed those pays tens of thousands in taxes don't deserve that couple of petrol subsidies. Sadly this is how the world work....Instead of treat pay tax/ not getting subsidies as a penalization, treat it as a donation to the community, which should make T20 feel better. But of course the donation channel or not to those who in needs is out of our control....so maybe we should start contribute more thru approved donation organization so that we can pay lesser tax, at same time help those in needs..

This post has been edited by Rinth: Jan 3 2024, 02:33 PM
tehoice
post Jan 3 2024, 02:39 PM

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QUOTE(Rinth @ Jan 3 2024, 02:32 PM)
Yes indeed those pays tens of thousands in taxes don't deserve that couple of petrol subsidies. Sadly this is how the world work....Instead of treat pay tax/ not getting subsidies as a penalization, treat it as a donation to the community, which should make T20 feel better. But of course the donation channel or not to those who in needs is out of our control....so maybe we should start contribute more thru approved donation organization so that we can pay lesser tax, at same time help those in needs..
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in 2024, you grow a kind heart. calm and zen.
tehoice
post Jan 3 2024, 02:47 PM

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meanwhile, in the western world and some parts of advanced economy in the east, you pay high taxes, even close to half of your earnings, but you get excellent, world class facilities, education, healthcare and so many others, some even provide you with allowance until your death.

we pay tens of thousands in taxes yearly and had to be treated as donation to whom we have no control over.

But in bid of increasing tax revenue collection, i still agree that gst is probably the best and fair tax system that can be put in place, but often the political instability renders this gst as a big taboo and no balls to implement.


cherroy
post Jan 3 2024, 02:58 PM

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Please do not deviate too far away from the topic, especially on political front.

It is a finance topic to discuss registration and how to do, what to fill, instead of reasoning of political issue on subsidy, taxes etc. Please post at political section for those matter.
Thank you.
Rinth
post Jan 3 2024, 03:04 PM

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QUOTE(tehoice @ Jan 3 2024, 02:39 PM)
in 2024, you grow a kind heart. calm and zen.
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new year new resolution. Spread more positive energies to the community.

QUOTE(tehoice @ Jan 3 2024, 02:47 PM)
meanwhile, in the western world and some parts of advanced economy in the east, you pay high taxes, even close to half of your earnings, but you get excellent, world class facilities, education, healthcare and so many others, some even provide you with allowance until your death.

we pay tens of thousands in taxes yearly and had to be treated as donation to whom we have no control over.

But in bid of increasing tax revenue collection, i still agree that gst is probably the best and fair tax system that can be put in place, but often the political instability renders this gst as a big taboo and no balls to implement.
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GST of course is better, more transparent, lesser hanky panky to each & every layer..

But recently Ong Kian Ming & Tony Pua had a podcast and Tony Pua say the GST cannot lowered then 6%, because the GST collector will incurred higher cost than the GST collects...The same actually goes to E-invoicing from LHDN initiative, it'll also increase the compliance cost by the business operator and worst case, no actual revenues was collected from this initiative. Actually if E-invoicing works, so does GST....Therefore the re-implementation of GST is just a matter of time....Maybe after next election lol.
nexona88
post Jan 3 2024, 03:05 PM

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QUOTE(guy3288 @ Jan 3 2024, 02:14 PM)
gomen  is digging  how much you have.......dont bother man...
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esp the rental, dividend & interest @ riba part (FD, UT)...

because they kinda not have full access to this sensitive info
TSCommodoreAmiga
post Jan 3 2024, 04:08 PM

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QUOTE(jack2 @ Jan 3 2024, 11:59 AM)
Did you file your tax return lately or long time no filed?
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I file every year.
gamenoob
post Jan 3 2024, 09:00 PM

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So what sort of benefits that those truly at T20 get at the end with this padu submission?

All info is in LHDN, epf etc as some say. They have them... the ulterior move as mentioned is to weed out or hurdled up to ensure smaller pool of population get the targeted subsidies.... indeed game charger...
gamenoob
post Jan 3 2024, 09:01 PM

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QUOTE(CommodoreAmiga @ Jan 3 2024, 04:08 PM)
I file every year.
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Those folks better get their act together in this annual efiling submission when they go and upload their PADU
coolguy_0925
post Jan 3 2024, 09:18 PM

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what a mess

even own coalition is attacking on the reliability and security of the system

tmr evening anothing press con.. let's see waht else he wanna clarify sweat.gif
nexona88
post Jan 3 2024, 10:00 PM

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QUOTE(gamenoob @ Jan 3 2024, 09:00 PM)
So what sort of benefits that those truly at T20 get at the end with this padu submission?

All info is in LHDN, epf etc as some say. They have them... the ulterior move as mentioned is to weed out or hurdled up to ensure smaller pool of population get the targeted subsidies.... indeed game charger...
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Nothing actually...

More like no more cheap petrol RON95 to fill your luxury cars 😁


sjteh
post Jan 3 2024, 10:19 PM

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At least start 1st for GST with lower % & leakages will be reduced a lot compare to current.
Then slowly increase to 6%.

Once start gst wanna breakeven @ more collection than Implementation cost, mane boleh...

ASoulNamedLeo
post Jan 3 2024, 11:12 PM

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QUOTE(nexona88 @ Jan 3 2024, 10:00 PM)
Nothing actually...

More like no more cheap petrol RON95 to fill your luxury cars 😁
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Good, the oil instead can be exported overseas and generate revenue to boost MYR exchange rate 👍
nexona88
post Jan 3 2024, 11:24 PM

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QUOTE(ASoulNamedLeo @ Jan 3 2024, 11:12 PM)
Good, the oil instead can be exported overseas and generate revenue to boost MYR exchange rate 👍
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Cut or at least reduced the leakage around....

Then u can see positive things...

Some of the products all available in Thailand... Our subsidized stuff....

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