Post by: iffy38 on August 20, 2018, 04:22:33 PM
http://www.thesundaily.my/news/2018/07/30/mwta-wants-timepiece-exempted-sst
Post by: iffy38 on August 21, 2018, 01:54:39 PM
Post by: Cocas on August 21, 2018, 02:51:39 PM
http://www.malaysiawatchforum.com/index.php?topic=20196.msg172219#msg172219
Watch is not on the proposed exempt list, so 10% Sales Tax applies.
Post by: iffy38 on August 21, 2018, 04:32:55 PM
Post by: chuahsky on August 21, 2018, 06:08:25 PM
Post by: dommie85 on August 24, 2018, 08:24:07 AM
Post by: epsilon82 on August 24, 2018, 09:00:51 AM
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Post by: dommie85 on August 24, 2018, 12:24:20 PM
Post by: epsilon82 on August 24, 2018, 12:26:54 PM
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Post by: dommie85 on August 24, 2018, 12:49:20 PM
Post by: tim.thavi on August 24, 2018, 01:49:22 PM
Had the same thought as you. That’s why I am trying it out and see if the AD does call me or not
Depend on the brand and the shop I guess. Rolex waiting list is likely to be imaginary (hope someone prove me wrong though). For something like Tudor GMT, i know you can get on waiting list but with a full deposit at certain AD (basically advance purchase). And the annoying part is if the price does increase when you pick up the watch, you need to pay the difference...
Outside, the hot models from typical hot brand, i cant imagine any issue if you want to pick the watch up before SST come in.
Post by: trimble on August 24, 2018, 03:55:29 PM
Post by: dommie85 on August 25, 2018, 06:20:50 AM
Post by: Cocas on August 25, 2018, 06:50:18 AM
Post by: dommie85 on August 25, 2018, 09:49:46 AM
Because of this SST, I spent 28k for 4 watches lately. :-X
Wow... tycoon here :o
Post by: epsilon82 on August 25, 2018, 10:09:39 AM
Because of this SST, I spent 28k for 4 watches lately. :-XGood for you bro
and you are saving 2.8K next month.Sent from my iPhone using Tapatalk
Post by: Cocas on August 25, 2018, 02:31:28 PM
Thanks @epsilon82 bro!
Post by: lee882888 on August 26, 2018, 06:22:15 PM
Post by: spayre on August 27, 2018, 05:44:05 AM
Then does it affects the second hand market? As in prices increases as well
I believe so.. cause wingwah dropped their prices when the GST was temporarily abolished. Won't be suprised when SST comes, watches (new and pre-owned) will go up to cover the additional charges
Post by: dommie85 on August 27, 2018, 08:04:21 AM
Then does it affects the second hand market? As in prices increases as well
I believe so.. cause wingwah dropped their prices when the GST was temporarily abolished. Won't be suprised when SST comes, watches (new and pre-owned) will go up to cover the additional charges
I think this will depends on whether the 2nd hand seller's shop is registered or not for the SST. Shops like Wing Wah, I believe they're registered but some other grey resellers who doesn't record a quick turnaround, they may not be registered for SST (they may take advantage though to charge you SST and increase their profit)... just my opinion
Post by: ethan89 on August 27, 2018, 09:17:11 AM
Wingwah price is very close to the global market, I believe they do refer to chrono24. They can't simply charge you 10% more upon their current selling price, since their current selling price is around the peak upon the global market.Then does it affects the second hand market? As in prices increases as well
I believe so.. cause wingwah dropped their prices when the GST was temporarily abolished. Won't be suprised when SST comes, watches (new and pre-owned) will go up to cover the additional charges
GST or SST doesn't affect much on secondary market which driven by demand and supply.
Post by: lamkinpark on August 27, 2018, 10:44:27 AM
Post by: flatcap200 on August 27, 2018, 03:14:01 PM
SST is not like GST where it is multi layered. SST will be imposed 10% import tax for those newly incoming watch, and authorized dealer will definitely increase the price to maintain their profit margin. Not sure how will the SST affect the grey seller pricing.
Grey dealers should be affected the same way unless the watches are brought in without customs declaration. If however there is an increase in prices across the board including for pre SST stock, these dealers are liable to be prosecuted under anti-profiteering laws.
Post by: lamkinpark on August 27, 2018, 04:24:56 PM
@flatcap200, well said. But I would guess both AD n grey seller will be taking the chances with keeping their stock at the moment.SST is not like GST where it is multi layered. SST will be imposed 10% import tax for those newly incoming watch, and authorized dealer will definitely increase the price to maintain their profit margin. Not sure how will the SST affect the grey seller pricing.
Grey dealers should be affected the same way unless the watches are brought in without customs declaration. If however there is an increase in prices across the board including for pre SST stock, these dealers are liable to be prosecuted under anti-profiteering laws.
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Post by: dommie85 on August 28, 2018, 07:49:44 AM
SST is not like GST where it is multi layered. SST will be imposed 10% import tax for those newly incoming watch, and authorized dealer will definitely increase the price to maintain their profit margin. Not sure how will the SST affect the grey seller pricing.
Grey dealers should be affected the same way unless the watches are brought in without customs declaration. If however there is an increase in prices across the board including for pre SST stock, these dealers are liable to be prosecuted under anti-profiteering laws.
I don't think there's ways to detect if the grey dealer's watches are brought in with or without customs declaration...
Post by: flatcap200 on August 28, 2018, 12:30:10 PM
@flatcap200, well said. But I would guess both AD n grey seller will be taking the chances with keeping their stock at the moment.SST is not like GST where it is multi layered. SST will be imposed 10% import tax for those newly incoming watch, and authorized dealer will definitely increase the price to maintain their profit margin. Not sure how will the SST affect the grey seller pricing.
Grey dealers should be affected the same way unless the watches are brought in without customs declaration. If however there is an increase in prices across the board including for pre SST stock, these dealers are liable to be prosecuted under anti-profiteering laws.
Sent from my CLT-L29 using Tapatalk
Even if they are not prosecuted, investigations will cause plenty of info to surface. Some of them might crack under pressure (unlike Tag Heuer of course :thumbsup:) and re-adjust prices.
Post by: Timeless on August 29, 2018, 05:19:22 PM
Post by: lamkinpark on August 29, 2018, 06:44:11 PM
Post by: ggprime on August 31, 2018, 01:53:33 PM
Wondering how does the SST will impact grey dealers in preowned market.
by right SST only imposed on imported goods (after 1/9/18) or local manufactured, which means there will be no impact on pre-owned or ex-stock.