SG Talk

https://www.msn.com/en-my/money/topstori...r-AA1gEGie


PUTRAJAYA (Sept 13): Economy Minister Rafizi Ramli said reintroducing the goods and services tax (GST) to expand the nation’s coffers may hit hard on lower income households.

He concurs with the views of GST is an most efficient tax in combating tax evasion, but it might add tax burden on the low income households.

“That is why the government, including the current administration, we have to be very careful to see whether we take a shortcut just to resort to GST and plunged millions of households that are not in the tax income bracket before, and suddenly they have to pay GST, and that is when it become regressive,” he said at the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Power Chat and the launch of 17th World Chinese Entrepreneurs Convention.

He said that the government is open to introducing consumption taxes, such as GST or sales and service tax (SST), but it needs to critically review amid the economic constraints and inflationary pressure.

“I did not say that we are not going to impose any form of consumption tax but I think we really have to look at the details [the impacts],” he said.

“But if we do [want to implement] GST, on the basis that we want to widen our (tax) revenue base and strengthen our fiscal position, we must make sure that it is able to meet the existing SST collection,” he stressed.

Separately, Prime Minister Datuk Seri Anwar Ibrahim said that Malaysia is not ready for the reinstatement of the GST anytime soon, he told Bloomberg at the Milken Institute 10th Annual Asia Summit.

He said that Malaysia’s household incomes and thresholds must first be increased to a reasonable level before the GST can be reintroduced.

In Asean, Malaysia is among the few nations that do not impose GST, besides Brunei, and Myanmar.

Indonesians have been paying GST for 39 years since 1984. Thailand imposed value added tax (VAT) in 1992 and Singapore in 1994. Both Vietnam and Cambodia imposed the broad-based consumption tax in 1999 and the Philippines in 2014.

Malaysia replaced GST with the sales and service tax (SST) in April 2015, but was then scrapped in favour of bringing back the SST in September 2018, when the Pakatan Harapan government came into power.

GST spreads the tax net to tax tourists as well. Eat a meal, stay at a hotel... they pay GST.

It also taxes rich hawkers who under report their earnings.

For low income earners, the government gives GST rebates so effectively they pay no GST.

Malaysia.... how they do it is not my concern.

Tourist get refunds . . .do we????

(15-09-2023, 04:37 PM)Oyk Wrote: [ -> ]GST spreads the tax net to tax tourists as well. Eat a meal, stay at a hotel... they pay GST.

It also taxes rich hawkers who under report their earnings.

For low income earners, the government gives GST rebates so effectively they pay no GST.

Malaysia.... how they do it is not my concern.

these gst rebates is not even 30% of the increases in household expenditures  due to  8% gst

definitely the lower income grp are the most affected ones

his BS claims GST is fair system

放屁 ！


https://news.yahoo.com/blogs/singaporesc...43215.html

It's regressive.

Bill already increase
next year again

must look at other country where they dont get tax their citizen. let their govts to become our govt .

(16-09-2023, 02:00 PM)talky Wrote: [ -> ]these gst rebates is not even 30% of the increases in household expenditures  due to  8% gst

definitely the lower income grp are the most affected ones

You want to get all 8% GST refunded? Then we go back to the old system and increase income tax. 

(17-09-2023, 08:18 AM)Oyk Wrote: [ -> ]You want to get all 8% GST refunded? Then we go back to the old system and increase income tax. 

Families are already paying more indirect taxes ie maid levies and 30% higher cost of water.

(15-09-2023, 04:09 PM)Everything Everywhere Wrote: [ -> ]https://www.msn.com/en-my/money/topstori...r-AA1gEGie


PUTRAJAYA (Sept 13): Economy Minister Rafizi Ramli said reintroducing the goods and services tax (GST) to expand the nation’s coffers may hit hard on lower income households.

He concurs with the views of GST is an most efficient tax in combating tax evasion, but it might add tax burden on the low income households.

“That is why the government, including the current administration, we have to be very careful to see whether we take a shortcut just to resort to GST and plunged millions of households that are not in the tax income bracket before, and suddenly they have to pay GST, and that is when it become regressive,” he said at the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Power Chat and the launch of 17th World Chinese Entrepreneurs Convention.

He said that the government is open to introducing consumption taxes, such as GST or sales and service tax (SST), but it needs to critically review amid the economic constraints and inflationary pressure.

“I did not say that we are not going to impose any form of consumption tax but I think we really have to look at the details [the impacts],” he said.

“But if we do [want to implement] GST, on the basis that we want to widen our (tax) revenue base and strengthen our fiscal position, we must make sure that it is able to meet the existing SST collection,” he stressed.

Separately, Prime Minister Datuk Seri Anwar Ibrahim said that Malaysia is not ready for the reinstatement of the GST anytime soon, he told Bloomberg at the Milken Institute 10th Annual Asia Summit.

He said that Malaysia’s household incomes and thresholds must first be increased to a reasonable level before the GST can be reintroduced.

In Asean, Malaysia is among the few nations that do not impose GST, besides Brunei, and Myanmar.

Indonesians have been paying GST for 39 years since 1984. Thailand imposed value added tax (VAT) in 1992 and Singapore in 1994. Both Vietnam and Cambodia imposed the broad-based consumption tax in 1999 and the Philippines in 2014.

Malaysia replaced GST with the sales and service tax (SST) in April 2015, but was then scrapped in favour of bringing back the SST in September 2018, when the Pakatan Harapan government came into power.

SST is the same as GST. Just called different name only. 

(17-09-2023, 09:25 AM)winbig Wrote: [ -> ]SST is the same as GST. Just called different name only. 

totally wrong.
SST is different from GST.

SST is only for items and buyers and sellers specified by the govt.
GST is for all items and everyone.

GST will always cause rise in inflation for all items.
SST will only cause rise in inflation in some items.

GST will bring more govt revenues than SST because everyone is paying GST.



https://www.comparehero.my/budgets-tax/a...difference

(15-09-2023, 08:45 PM)Alice Alicia Wrote: [ -> ]

He forgot that he had to raise his ministers salaries and his entire civil service pay structure. Money not enough.

(17-09-2023, 09:54 AM)forum456 Wrote: [ -> ]totally wrong.
SST is different from GST.

SST is only for items and buyers and sellers specified by the govt.
GST is for all items and everyone.

GST will always cause rise in inflation for all items.
SST will only cause rise in inflation in some items.

GST will bring more govt revenues than SST because everyone is paying GST.



https://www.comparehero.my/budgets-tax/a...difference

SST is better for citizens because the govt can have no tax on essential items like rice and sugar.
GST is better for govt because it taxes all items/everyone and maximises govt revenues.

(17-09-2023, 08:28 AM)Wy:Nox Wrote: [ -> ]Families are already paying more indirect taxes ie maid levies and 30% higher cost of water.

Hang on there/

Don't twist.  We are talking about GST.  So do you want to go back to the old system, abolish GST, and increase Income Tax?

30% higher cost of water is a LIE.  It is not 30% of the old cost, get your facts right.