Malaysia Watch Forum

Main Forums => General Discussion - Modern Watches => Topic started by: pleasuresaurus on February 24, 2023, 03:13:09 PM

Title: Tax baby Tax!
Post by: pleasuresaurus on February 24, 2023, 03:13:09 PM

Abo den how aa, turun SG buy is it? Grey market how leh?  ???

(https://i.ibb.co/z73QtQs/Untitled.jpg) (https://ibb.co/s6TbXbj)

sauce:
https://www.malaymail.com/news/malaysia/2023/02/24/budget-2023-government-to-impose-luxury-tax-on-branded-items-capital-gains-tax-on-unlisted-shares/56577

Title: Re: Tax baby Tax!
Post by: Kesharoo on February 24, 2023, 03:57:44 PM

Don't know what percentage yet or effective date, details required.

Title: Re: Tax baby Tax!
Post by: bulletnos on February 24, 2023, 08:14:15 PM

Quote from: pleasuresaurus on February 24, 2023, 03:13:09 PM

Abo den how aa, turun SG buy is it? Grey market how leh?  ???

(https://i.ibb.co/z73QtQs/Untitled.jpg) (https://ibb.co/s6TbXbj)

sauce:
https://www.malaymail.com/news/malaysia/2023/02/24/budget-2023-government-to-impose-luxury-tax-on-branded-items-capital-gains-tax-on-unlisted-shares/56577

Wah summore all the list price just gone up for so many brands....habis la

Title: Re: Tax baby Tax!
Post by: Gentlemen101 on February 25, 2023, 04:09:26 AM

Could be double whammy for LVMH as they’ll naik harga week ago now incoming Lux tax.

Title: Re: Tax baby Tax!
Post by: dpkong on February 25, 2023, 07:40:07 PM

can expect a great rush for luxury goods now before the actual tax kicks in..

I think the gov't needs to table any new tax proposals before implementation so it sounds more like sabre rattling to me. PM trying to see if the show generates positive impact from investors before actually doing something.

Of more interest is the tax increase for T20 and tax reduction for M40

Title: Re: Tax baby Tax!
Post by: jbboy12 on February 26, 2023, 09:44:55 PM

https://www.thestar.com.my/news/nation/2023/02/26/luxury-tax-only-target-those-who-don039t-pay-their-fair-share-of-taxes-says-minister

Not sure how they gonna enforce / police this tbh.

Title: Re: Tax baby Tax!
Post by: dpkong on February 27, 2023, 07:55:13 AM

So.. is the new PM destined to become another flip-flip gov't?

Title: Re: Tax baby Tax!
Post by: jbboy12 on February 27, 2023, 09:02:25 AM

Quote from: dpkong on February 27, 2023, 07:55:13 AM

So.. is the new PM destined to become another flip-flip gov't?

It could well be but they should be afforded something which they've never had - time. I'd probably give it 2 GEs to make an assessment provided they can win the next one :p

Title: Re: Tax baby Tax!
Post by: dpkong on February 27, 2023, 09:13:13 AM

Quote from: jbboy12 on February 27, 2023, 09:02:25 AM

Quote from: dpkong on February 27, 2023, 07:55:13 AM

So.. is the new PM destined to become another flip-flip gov't?

It could well be but they should be afforded something which they've never had - time. I'd probably give it 2 GEs to make an assessment provided they can win the next one :p

So much optimism.. 

Flip-flops, empty rhetoric and eager backstabbers in his inner circle... I think he has a hard time holding onto the seat for even one term.