budget Malaysia tax free for foreign investors...Malaysia to pay gst tax 5billion for Agriculture minister... no question asked 4billion for Felda...no productivity KPI assessment your boss to give you 5% salary increment... question you left and right.
The reason is because both lobster and salmon are toxic. Very few wild caught salmon in market. Most salmon are bred in fish and injected with orange coloring that blinds eye. The whole body of fish farmed salmon is mostly diseased. You dun see anything because diseased part cut off and you eat other parts of same fish.
Best fish not farmed is sardines. It's a low mercury fish you can eat daily 3 times a day.
Development expenses 86 billion only (same as 2024), operating expenses 335 billion 😨, 13.5 billion more than 2024. Minimum wage to be increased from 1,500 to 1,700. Smart investors surely will know between construction related stocks and consumer related stocks, which one is better. 🤔
Best fish not farmed is sardines. It's a low mercury fish you can eat daily 3 times a day. 19/10/2024 9:56 AM
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Best fish is ikan Bilis。 Bcos of tax inflation, l am B40 eat only these: I eat 1 to 2 Fishes everyday (only ikanbilis) bcos can't afford full big fish。 I eat 1 to 2 eggs everyd ay ( quail egg ) I can't afford chicken eggs。 I eat without sugar tea everyday ( sugar tax),dark tea only without sugar. l eat half a quail bird a day (bcos floating price chicken soon) I eat ubi kayu now since rice prices already increased a lot. How? Hidup susah
Government keep on borrowing/printing money for unproductive borrowing interesting payment and operating expenses 335 billion 😨, 13.5 billion more than 2024. Minimum wage to be increased from 1,500 to 1,700.
Very soon Ringgit to USD will depreciated back to 5
"In summary the worst budget ever. In conclusion, cut subsidy + incur additional tax and wages - > operation shot up rocket - > profit reduce-> share price goes down--> investor losing money."
""""""""""""""""''" Government does not care much if share prices drop because investors sell their shares (most likely REIT) due to the 2% tax on dividends above 200,000. Political parties are only interested to have your votes. A poor citizen contribute one vote, a rich citizen also contribute one vote only.
What if an investor receive above RM200,000 from holding REITs units with average dividend yield of 5%? 5% minus 2% tax minus risk 1% (assumption), balance dividend 2% only. Would he/she shift it to bank FD or government bonds instead?🤔
This country is going to hopeless. Goverment shld encouraging people invest in stock with good fundamental and good dividend pay out. But, imposing tax to kill the old uncle untie dividend saving...
As of SME to impose higher wages, cut petrol subsidy to kill their business..
Our country will be PRO B40... WELCOME EVERYONE TO JOIN B40
Why not impose the dividend tax across the board including institutional fund to be fair? Since it is not fairly tax which is double taxing as claimed by expert.
"But, imposing tax to kill the old uncle untie dividend saving...
As of SME to impose higher wages, cut petrol subsidy to kill their business.."
"""""""""""""" Not many ordinary senior citizen receive dividends exceed RM200,000 p.a. anyway. Fuel subsidies is actually wrong at the very beginning. Look at neighbouring countries Singapore and Thailand, where got fuel subsidies?
"Why not impose the dividend tax across the board including institutional fund to be fair? Since it is not fairly tax which is double taxing as claimed by expert."
"""""""""" Agree, double taxing is true, because calculation of dividend payout is based on cash flow and net profit after tax.
Government intention is to tax prudent investor that like to invest in companies that can pay dividend and encourage more people into those fly by night speculative stocks.
Repost: Posted by getingreal > Oct 19, 2024 2:02 PM | Report Abuse
I am a foreign investor and have a portfolio of Malaysian counters most that I have accumulated over the last 30 years. I am retired, and I live quite comfortably on my Dividend Income. My Dividends on my Malaysian Stocks exceed RM100K per year so this new 2% tax catches me. I issue I have is not paying 2% on dividends I receive over RM 100k, it's how that's processed. As of now I don't have taxable Malaysia income as my dividend income was taxed already. With this proposed new tax Now I will have taxable income in Malaysia requiring me to file a Malaysian tax return. This is not a simple matter. As a foreigner I will be required to engage a registered Malaysian Tax Agent (Cost RM10,000 to register with one) and they will file my returns each year charging me 250 for each source of income (say 20 counters x 250= RM 5.000 per tax return). The cure is relatively simple, I will sell most of my Malaysian shares to ensure my total dividends in Malaysia remain less than RM100,000. I will take the proceeds sell Ringgit and buy Singapore Dollars to invest the equivalent funds in Singapore. The Singapore dividends will not be taxed in Singapore or Malaysia. I will sell Maybank and buy UOB. Bad for Malaysia as my funds are withdrawn from Malaysia, and good for Singapore as I invest there instead. Dividend yield Maybank Vs UOB is quite similar. This I avoid the hassle, and the costs associated with having to deal with tax returns in Malaysia.
If sslee sir avoid helividend. He has to buy many Cap Ayam counters in Bursa。Gor wants us to support Cap Ayam like Cap A, stony company., Sslee please don't ridicule Stony CapA or AAX company. You wants Cap Ayam counters to prosper?
Even if capA start to give dividend. As individual Stony still pay zero dividend tax because he hold capA share indirectly thro' his private companies.
I don't want to buy Bursa companies giving out heli vidends, I will buy C ap Aya m companies to avoid headaches becos I aim to become millionaire and I don't to fialling for Lhdn 2% helividends tax. Must practice earlier to buy only cap Ayam companies Bursa has.
Sslee sir, u see service tax increases from 6% to 8% in 2025. Your Jtiasa will give helividends quite a lot and will be tax ed 2 % in 2025,In 2026, helidividend will be taxed4%。Surely will increase tax because service tax increases from 6% to 8% in 2025 show us the tax trends?
See Stony no need to pay dividend tax from his indirect holding on RCUIDS. Government mana ada tax the rich?
THIRTY LARGEST RCUIDS HOLDERS Name of RCUIDS holders No. of RCUIDS held % 1 Citigroup Nominees (Tempatan) Sdn Bhd Kenanga Investors Berhad For Sky Accord Sdn. Bhd. 343,028,359 36.386
DIRECTORS’ RCUIDS HOLDINGS No. of RCUIDS Direct interest % Indirect interest % Tan Sri Anthony Francis Fernandes - - 343,028,359(1) 36.387
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,028 posts
Posted by speakup > 1 month ago | Report Abuse
I don't expect anything good from pmx. Dah kena cheated so many times