Posted by Income > 1 month ago | Report Abuse

Posted by Mabel > Oct 19, 2024 12:26 PM | Report Abuse
Let see if Santa is cuming to town at the end of this year.

Yesterday, Bursa Malaysia’s FBM KLCI closed at 1,645.99 points, a 0.28% increased. Market Outlook: Bursa Malaysia is expected to rise, with the FBM KLCI index potentially surpassing 1,780 points by the end of the year.

The Malaysian ringgit is expected to strengthen against the US dollar, potentially reaching RM4.10 to RM4.20 by the end of 2024.

Meow Meow Meow


speakup
26937 posts
Posted by speakup > Oct 19, 2024 12:33 PM | Report Abuse

cum? Isn't that orgasm?

？

Marble everyday orgasm
why you worry?

Posted by getingreal > 1 month ago | 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 Bad for Malaysia as my funds are withdrawn from Malaysia, and good for Singapore as I invest there instead.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.

Posted by speakup > 1 month ago | Report Abuse

U think Pmx care whether u foreigner sell? Tell u Pmx don't care a d-a-m-n

Posted by prudentinvestor > 1 month ago | Report Abuse

The 2% tax on dividends exceeding RM100,000 received by individual shareholders would only have a very negligible effect on the performance of the local stock market on Monday.

Posted by Income > 1 month ago | Report Abuse

Repost:
Posted by Sslee > Oct 19, 2024 3:43 PM | Report Abuse

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.

Posted by Income > 1 month ago | Report Abuse

Posted by prudentinvestor > Oct 19, 2024 4:13 PM | Report Abuse

The 2% tax on dividends exceeding RM100,000 received by individual shareholders would only have a very negligible effect on the performance of the local stock market on Monday.



？

No impact to bursa?
People look at long term trend boh!

Repost:
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?

Posted by prudentinvestor > 1 month ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/10/18/2-tax-on-dividend-income-above-rm100000/
@Income, Read this article, the dividend tax does not apply to profit distributions made to contributors and depositors of EPF, the Armed Forces Fund Board (LTAT), Amanah Saham Nasional Bumiputera, or any unit trusts. Only rich individuals would be affected. 2% is a negligible amount.

Posted by Income > 1 month ago | Report Abuse

People see the long term trend of dividend tax. Not short term trend。

Repost:
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?

Posted by Income > 1 month ago | Report Abuse

See the price of Harima u on Monday, will you?

Posted by KingKKK > 1 month ago | Report Abuse

Three Mistakes to Avoid When Investing in Malaysian Stocks - KingKKK

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-10-19-story-h471952251-Three_Mistakes_to_Avoid_When_Investing_in_Malaysian_Stocks

Posted by Mabel > 1 month ago | Report Abuse

Reaching 1700 by the end of the year is possible, provided there are no further negative developments. The ongoing conflict in the Middle East has been accounted for, unless a third World War breaks out. The next two weeks will be highly volatile due to the US Presidential Election. Harris is more predictable, whereas Donald Trump is less so.

Looking ahead, the market could rise to 1900 by 2028. This is not due to Madani, but because we are part of ASEAN, which includes economic powerhouses like China and India. These two giants are highly competitive. For instance, China can build anything at a low cost. As their domestic market becomes saturated, they are expanding beyond their borders. ASEAN stands to be the biggest beneficiary of this shift..

Posted by Income > 1 month ago | Report Abuse

See the price of Harimau on Monday, will you?

Posted by prudentinvestor > 1 month ago | Report Abuse

I have seen the price of Maybank already. Down by 4sen only. Told you already. the 2% dividend tax on dividends exceeding RM100K would only have a small impact on Maybank's performance.

Posted by stkoay > 1 month ago | Report Abuse

The announcement on 2% dividend was made on Friday, way before market closed on that day.

Posted by stkoay > 1 month ago | Report Abuse

No issue on the tax.
How many individual has dividend above 100k??
There's always way to make "smart accounting"

The one that has are mostly senior that have family members....
....can always split into family members account instead of one, after all dividend stocks are meant to be kept for long term...and pass to anak anak and cucu cucu :)

Posted by stkoay > 1 month ago | Report Abuse

If got 300k...
...pass to wife 75k
...son 75k
...daughter 75 k

...kaotim :)

Posted by stkoay > 1 month ago | Report Abuse

Posted by stkoay > 0 seconds ago | Report Abuse

If got 300k...
...pass to wife 75k
...son 75k
...daughter 75 k

_____________________________________________________________________________

Do like that, your "tax" is only RM30
....fee for doing transfer....lol

Posted by Mabel > 1 month ago | Report Abuse

Here are some common arguments against the new 2% dividend tax on income exceeding RM100,000 in Malaysia:

Impact on Investment Behavior: Critics argue that the tax could discourage investment in Malaysian companies. Investors might seek alternative investment opportunities in countries with more favorable tax regimes, potentially reducing capital inflows into the Malaysian market.

Administrative Burden: Implementing and complying with the new tax could create additional administrative burdens for both taxpayers and the tax authorities. This might lead to increased costs and complexities in tax filing.

Potential for Future Increases: There is concern that while the tax rate is currently low, it could be increased in the future. This uncertainty might affect long-term investment planning and confidence.

Economic Impact on High Earners: The tax primarily targets high-income earners, which could be seen as penalizing success and hard work. This might lead to dissatisfaction among those who feel they are being unfairly targeted.

These arguments reflect a range of concerns from different stakeholders, highlighting the complexity of implementing new tax policies.

Suggestion Moving Forward : The Goods and Services Tax (GST) is often praised for its consumption-based approach, which has several advantages:

Fairness: GST is considered fair because it taxes individuals based on their consumption rather than their income. This means that those who spend more pay more in taxes, aligning tax contributions with spending habits.

Broad Tax Base: By taxing a wide range of goods and services, GST can generate significant revenue for the government. This broad base helps to stabilize tax revenue and reduce reliance on other forms of taxation.

Transparency and Simplicity: GST simplifies the tax system by replacing multiple indirect taxes with a single tax. This reduces the complexity of tax compliance for businesses and consumers alike.

Encourages Savings: Since GST is a consumption tax, it can encourage individuals to save more and spend less, potentially leading to higher investment rates in the economy.

Meow

Posted by Mabel > 1 month ago | Report Abuse

https://www.thestar.com.my/news/nation/2024/10/22/dont-tax-the-rich-excessively-says-rafidah

Finally some wise words from our Iron Lady..

Rafidah said Putrajaya should not introduce new taxes to the rich.

“Income taxes itself are already enough. Don’t add on additional taxes that discourage them from doing business.

“They will be demotivated from expanding because the bigger his business is, the more we are taking from them,” Rafidah added.

According to Rafidah, additional revenue for the government can be generated via good governance and anti-corruption measures.

“The corruption culture is rampant because we don’t have a system that gives us periodic feedback on expenditure,” said Rafidah.

The former minister said every government agency and department should spend its respective allocations in the best way possible.

“Let’s not waste the people’s money,” she added..

Posted by skybursa > 1 month ago | Report Abuse

Stop boasting about your shareholding.

Posted by LossAversion > 1 month ago | Report Abuse

Generally, rakyat doesnt want GST but expect subsidies to be sustained. Where is the money coming from??? So, 2% is fair. Dont worry about the rich/business. They will continue to make more money, so 2% is nothing!!! The best optionis PLEASE BRING BACK the GST that SHOULDNT HAVE been put to 0% after PH won the election. The GST manifesto was the biggest mistake they made, so dont make any more mistake!!!

Posted by Tedinvestor > 1 month ago | Report Abuse

We tax payers are paying our taxes every years and the double taxation is not fair. Those who paid less tax and those big corporation which owns a large chunk of dividend are exempt from the 2% ? GST should be implemented to avoid unfair practice

Posted by Mabel > 1 month ago | Report Abuse

Touche Guys..

Here's more cuming up..

https://www.thestar.com.my/news/nation/2024/10/23/unfair-to-label-t15-as-ultra-rich?__sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFFBHQ&__stm_medium=email&__stm_source=smartech

Posted by Mabel > 1 month ago | Report Abuse

Wee Ka Siong Seeks Clarification on 2% Dividend Tax Applicability
Datuk Seri Wee Ka Siong, the Ayer Hitam Member of Parliament, has requested the government to provide clear guidelines on the applicability of the 2% tax on dividends across different asset classes, including its impact on foreign investors.

Describing the proposed tax as a "negative development", Wee highlighted that since 2008, Malaysia has utilized a single-tier tax system. Under this system, "companies are not required to withhold tax on dividends paid to shareholders." Wee emphasized, "Taxes are only required at the company level, which is corporate tax." He raised these concerns while debating the Supply Bill 2025 in Dewan Rakyat on Tuesday.

Posted by stkoay > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/729374

Bloomberg data as at Oct 3 showed 12 analysts having a “buy” call on the stock, seven with a “hold” and one, a “sell”. The average 12-month target price stood at RM11.42, suggesting more upside from Maybank’s closing price of RM10.54 that day.

Nomura Research has a “buy” call on Maybank, with a target price of RM12.50.

Posted by nkboon94 > 4 weeks ago | Report Abuse

The 2% dividend tax is exempt on dividend income of RM100,000 and below. If the dividend income is RM150,000, the first RM100,000 is exempt; only the extra RM50,000 is taxed at 2%. If you have other deductible expenses / reliefs, still can deduct.

Posted by Value Investor Coo1eo > 4 weeks ago | Report Abuse

@nkboo94 - are you a tax officer with LHDN? so far, as I know, no one is clear how the 2% will be enforced. so do not make assumptions here

Posted by Value Investor Coo1eo > 4 weeks ago | Report Abuse

i hope Maybank pays out bumper dividend of RM1.5 FY2024 before the tax regime kicks in FY2025

Posted by prudentinvestor > 3 weeks ago | Report Abuse

The 2% tax on dividends would only affect individuals who receive more than RM100,000 in dividends each year. I reckon less than 10% of individual Bursa investors receive over RM100,000 in dividends each year. Is a non issue for me.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Maybank has been super generous by declaring over 80% of its earnings as dividends for the past decade or so. Don't think it would declare a bumper dividend this year before the new tax regime takes effect just to please some rich individuals.

Posted by nkboon94 > 3 weeks ago | Report Abuse

@Value Investor Coo1eo - Item 45 'The Government plans to progressively broaden the tax base with the introduction of dividend taxation at a 2% tax on dividend income exceeding 100,000 ringgit received by individual shareholders, effective from the year of assessment 2025.'

Posted by nkboon94 > 3 weeks ago | Report Abuse

Anyway, lets see the Finance Act when it is gazetted. :-)

Posted by Tedinvestor > 3 weeks ago | Report Abuse

RINGGIT keep falling together with indonesia currency. Foreign funds will probably selling high. Don't rush to buy

Posted by Balian de Ibelin > 3 weeks ago | Report Abuse

Many SMEs are closing Maybank accounts and opening at CIMB.

I am a 25 years business customer of Maybank and decided to join the smart masses to switch to CIMB.

At CIMB, they have huge stacks of Maybank runaways to process everyday.

Total financial impact to Maybank is drop of free float minimum RM100 Billion.
Bottom line this bank run will cost Maybank a RM4 Billion drop of net profits once this SME bank run on Maybank is completed.
Most of these SMEs runaways will never ever look back

Posted by Balian de Ibelin > 3 weeks ago | Report Abuse

Sex firms are issuing entire Bursa Margjn Call today.

More importantly Sex Firms say avoid overnite positions. Translated it is a Sell Call for entire Bursa.

Good Luck on your KLM flight to Holland. 😁👍🤜

Posted by stkoay > 3 weeks ago | Report Abuse

Supported whole day...till pre close, then all support was pulled back and let close at day's low........big boys play all sort of tricks......haha.

Posted by Income > 3 weeks ago |

Post removed.Why?

Posted by Income > 3 weeks ago | Report Abuse

Balian sir likes to Sio Cimb with ahMoi。That's why Cimb Bank girlie welcome balian with sio cimb。Syiok

Posted by Mabel > 2 weeks ago | Report Abuse

To say next week is pivotal is probably understating it.

Wall Street awaits with bated breath the outcome of the U.S. presidential election on Tuesday, in a season that has seen plenty of twists and turns. Various polls have placed U.S. Vice President Kamala Harris and Republican opponent Former President Donald Trump neck-and-neck for the White House, while prediction platforms have swung between the two candidates.

The election will be followed by the penultimate Federal Reserve monetary policy committee meeting of the year, commencing on Wednesday. On Thursday, policymakers will announce their decision.

Since the central bank's bumper half-point rate cut in September, incoming data has suggested a continued deterioration in the labor market, an economy that was still chugging along, and an inflation situation that may not be completely out of the woods yet. It keeps the Fed on track to deliver another interest rate cut next week, and markets expect it to be a 25 basis point decrease.

Posted by Kevin Tam > 2 weeks ago | Report Abuse

There is possibility that the sell down of banking shares recently due to 2% dividend income tax but still think the effect is not that huge. Some foreign investors will reduce their holding of shares but government move to tax richer Malaysians sound rational n tax rate of 2% on dividend above 100k is low indeed.

Posted by waufat > 2 weeks ago | Report Abuse

No...lah. EPF and a few big funds are trading this stocks

Posted by newbie2019 > 2 weeks ago | Report Abuse

every month how much EPF is receiving from all Msian so they have enuf to maintain the price and then up

Posted by mf > 2 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,729.93

+1,508.05

3.57%

Nasdaq

NASDAQ Composite

18,983.46

+544.29

2.95%

Posted by Spy133 > 2 weeks ago | Report Abuse

There should be a positive effect on MBB,hopefully!

Posted by Income > 2 weeks ago | Report Abuse

Kuat Harimau

Posted by Reggie > 2 weeks ago | Report Abuse

Harimau sudah jadi kuching

Posted by HKHedgeFund > 2 weeks ago | Report Abuse

Maybank need to withdraw USD260 millions transfer to prosecutor for genm lawsuit conviction

Posted by prudentinvestor > 2 weeks ago | Report Abuse

While Maybank may take some time to achieve an eps of RM1, Singapore's DBS bank should achieve an eps of Sing$4 this year. What a stark difference!

Posted by masterus > 2 weeks ago | Report Abuse

Federal Reserve cuts interest rates by a quarter point
Published Thu, Nov 7 2024 2:00 PM EST

The Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%.
The vote was unanimous. Fed officials have justified the easing mode for policy as they view supporting employment becoming at least as much of a priority as arresting inflation.

Posted by prudentinvestor > 2 weeks ago | Report Abuse

Quickly cut before the crazy man has the opportunity to stop it. 😟😟😟😟