Budget 2014: Goods and Services Tax (GST)

ks_w

Budget 2014

Goods and Services Tax (GST)

97. The Government takes cognisance that the current sales tax and service tax have certain weaknesses such as the impact of double taxation on consumers, the absence of full tax relief on exported goods and transfer pricing issue. These weaknesses ultimately will result in losses to the consumers and the Government.

98. In Budget 2013, the Government intended to take bold measures to strengthen the fiscal position of the nation. In fact a Bill in relation to the GST had been previously read in this august house. Since then we have received various views, both positive and negative.

99. The Government has taken a few years to conduct detailed and comprehensive studies, and has considered the views of all segments of society, including the chambers of commerce, investors, economists, academicians, consumer associations and NGOs.

100. Thus, based on the principal of People First, the Government has decided to expeditiously implement a fair and comprehensive tax system that benefits all Malaysians.

101. In this regard, the Government proposes that the sales tax and service tax be abolished. These two taxes will be replaced by a single tax known as the Goods and Services Tax (GST). I must stress that GST is not a new tax.

102. Currently, the inflation rate is low at 2%. The Government believes that this is the best time to implement GST as the inflation rate is low and contained.

103. With the implementation of GST, the Government will be able to address the weaknesses in the current taxation system. As an example, if we were to buy a carbonated drink in a restaurant today, we would not notice that we are paying double taxes which are sales tax and service tax.

104. Put differently or explained in simple terms, with the GST system, consumers will only need to pay tax once and the price of goods should be cheaper.

105. We feel disheartened that certain irresponsible groups tried to take advantage by confusing the general public on the understanding of GST. They claimed that when GST is implemented, the price of goods will rise, and that the poor and low-income group will bear the burden.

106. More than 160 countries have already implemented GST. This clearly demonstrates that GST is proven to be a transparent, effective and fair tax system. The vast majority of nations in the world would not have implemented GST, if it is disadvantageous to the people and the country. Most of the developed nations have long implemented GST or Value Added Tax (VAT). Even ASEAN countries such as Indonesia, the Philippines, Laos and Cambodia, as well as countries such as Burkina Faso, Burundi, Zimbabwe, Rwanda and Kenya have implemented GST.

107. On the part of the Government, GST legislation, computerised systems, training of officers, GST infrastructure and a comprehensive communication plan have been completed.

108. The proposed GST model to be implemented in Malaysia is as follows:

First: The GST rate is fixed at 6% and to be effective from 1 April 2015, approximately 17 months from today.

This rate is the lowest among ASEAN countries compared with 10% in Indonesia, Vietnam, Cambodia, the Philippines, and Laos and 7% in Singapore and Thailand;

Second: GST will not be imposed on basic food items such as rice, sugar, salt, flour, cooking oil, lentils, herbs and spices, salted fish, cencalok, budu and belacan;

Third: GST will not be imposed on piped water supply, and the first 200 units of electricity per month for domestic consumers;

Fourth: GST will not be imposed on services provided by the Government such as the issuance of passports, licences, health services and school education;

Fifth: Transportation services such as bus, train, LRT, taxi, ferry, boat, highway toll as well as education and health services are exempted from GST; and

Sixth: Sale, purchase and rental of residential properties as well as selected financial services are exempted from GST.

歎名菜

不吐不快:
1）More than 160 country implemented GST...咁多人去死又唔見x去死。
2）星加坡不是一開始就7%GST, 它是經過十余年才到達7%.。
3）英國政府理財不善，一遇財困，就加GST，如今已20%。

ks_w

歎名菜 发表于 28-10-2013 11:42 PM
不吐不快:
1）More than 160 country implemented GST...咁多人去死又唔見x去死。
2）星加坡不是一開始就 ...

他可是用心良苦呀。。。。就好像减少糖的subsidy。。。。
GST是要减少你平时的开销，怕影响你的性福指数。

歎名菜

ks_w 发表于 29-10-2013 12:09 AM
他可是用心良苦呀。。。。就好像减少糖的subsidy。。。。
GST是要减少你平时的开销，怕影响你的性福指数 ...

I dun need sex cos my government fxxx me everyday

ks_w

歎名菜 发表于 29-10-2013 06:34 AM
I dun need sex cos my government fxxx me everyday

真同情你。

lionmiow

hahahahahahahahaha.......

lionmiow

你们两个，很可爱。。。。。

ks_w

lionmiow 发表于 30-10-2013 08:23 PM
你们两个，很可爱。。。。。

是可怜没人爱

50912cmea

...

yeemean

真幸运。。原来当初冥冥中安排做新加坡公司的帐就是为了将来malaysia跑得时候比较好做。。
话说不知道真唬会不会强制性所有包括中小型企业都要registered  as gst co。。

歎名菜

yeemean 发表于 2-11-2013 01:38 PM
真幸运。。原来当初冥冥中安排做新加坡公司的帐就是为了将来malaysia跑得时候比较好做。。
话说不知道 ...

Yeemean,先抄下你的ID，明年向你請教GST的問題，

yeemean

歎名菜 发表于 2-11-2013 07:06 PM
Yeemean,先抄下你的ID，明年向你請教GST的問題，

不用抄ID啦~只要@ks_w 呼唤，我就会pop出来料。。
话说隔壁家的没有很复杂的rule。。例子就像楼上那位朋友给的sample一样样酱紫算nia。。
人家的rule set到很明白下，没有我们这里那种似是而非的东西。。
只是不知道这里的震虎实施gst时丢出来的rule会不会让大家又震一震nia。。

歎名菜

yeemean 发表于 2-11-2013 07:53 PM
不用抄ID啦~只要@ks_w 呼唤，我就会pop出来料。。
话说隔壁家的没有很复杂的rule。。例子就像楼上那 ...

我們的當政者出發點是為了「恣意地揮霍」而實行GST，它的rule自然含糊其辭而無法自圓其說。實施的%不能低，太高又怕招人非議。行6%但又捨不下其他的稅務收入，只好閃爍其詞，顧左右而言他，分分鐘在實踐時錯漏百出。沒錢卻到處大灑金錢，起糖價but說「關你性事」。

ks_w

50912cmea 发表于 1-11-2013 06:21 PM
GST Malaysia

以下都是官方网站的 draft copy（草案）

谢谢分享。下个星期再给你加分。现在用手机上网不方便。

ks_w

yeemean 发表于 2-11-2013 01:38 PM
真幸运。。原来当初冥冥中安排做新加坡公司的帐就是为了将来malaysia跑得时候比较好做。。
话说不知道 ...

那有空再来研究研究。刚开始施行,一定会乱七八糟的。

ks_w

yeemean 发表于 2-11-2013 07:53 PM
不用抄ID啦~只要@ks_w 呼唤，我就会pop出来料。。
话说隔壁家的没有很复杂的rule。。例子就像楼上那 ...

又来摆我上台。。。。

最近在忙什么? 都没见到你

yeemean

ks_w 发表于 2-11-2013 09:48 PM
又来摆我上台。。。。

最近在忙什么? 都没见到你

你都在神台料。。还要上哪里去？
新工作忙到不清不楚咯。。进去五个月finalised五间company的帐，还有一个被追算2011整年的gst。。变态到。。
Btw最近听一个朋友讲买Unit Trust可以扣tax？真的啊？

ks_w

yeemean 发表于 2-11-2013 10:15 PM
你都在神台料。。还要上哪里去？
新工作忙到不清不楚咯。。进去五个月finalised五间company的帐，还 ...

你不要来乱。

时间过得真快,已经5个月了。应该适应了吧。

没有咯,只有PRS能扣1k nia.

yeemean

ks_w 发表于 2-11-2013 10:34 PM
你不要来乱。

时间过得真快,已经5个月了。应该适应了吧。

我哪里敢来乱。。等下你一弹把我弹回唐山酱紫好。。
我的适应能力还不错啦。。就是这里女人多是非多。。
都不明白我忙到要死，她们却有时间搞针对搞有搞没有酱紫。。
apa itu PRS？酱紫unit trust发的dividend咧？算income？

Arbirage

Govt open to feedback on new system
http://english1.cari.com.my/forum.php?mod=viewthread&tid=763986&fromuid=1950303