QUOTE(CommodoreAmiga @ Jan 28 2024, 02:08 PM)
Your wish has been granted! SST is now 8%!!
Side note: Buying small items from foreign countries online also kena tax 10% now. The other day i bought some small stuff from Shopee or Lazada, didn't realized seller from China. Then got received invoice email detailing the 10% tax (only RM 0.90, small items). Don't know how it is calculated. I paid same price on Shopee with no tax. Invoice show higher with tax....Shopee/Lazada bear the tax??? Really no idea.
unfortunately, I am a believer in GST... there is a need for consumption tax in Malaysia... this silly SST up for this but not that is silly and inefficient... tax needs to be simple so that there are no abuses.
in same time, I see no harm in increasing income tax rate for those earning above a certain threshold (also most probably cos I am no longer working... haha).
This year I have not purchased anything from overseas yet via laz or shopee, but I think for now, the cost is being absorbed by the sellers just cos their margin is take it. Just my guess. But this is another stupid move... so called help bring 200 million rm revenue... u and I know for a country, this is pure spare change... just damn stupid this initiative and in same time causes rise in inflation. (10% can only collect 200 million, so it is only a 2 billion goods coming in only).
So at end, PADU looks like a veil attempt by gov to collect data on her citizen only... cos LHDN data should be the most accurate. just get everyone to file taxes, and the rest is easier to solve.
This post has been edited by Wedchar2912: Jan 28 2024, 02:24 PM