only reason is unless govt increases tobacco tax in coming budget which i doubt they would as it aggravates contrabands further unless measures are already in place to arrest this deficit
Most smoker will convert to rokok seledup at RM 4.50 per 20s pack instead of paying RM 20.00. No brainer. Both type of rokok will also bring them to heaven.
Price hikes good for BAT?..think contrabands will hurt BAT's revenue after BAT passes the cost to consumers... share price could retreat further.. let's see.
F&B operators to enjoy two SST exemptions, says Finance Minister NATION Sunday, 9 Sep 2018
7:26 PM GEORGE TOWN (Bernama): The government will provide Sales and Services Tax (SST) exemptions involving the rental of small stalls and sale of cigarettes to food and beverages shop operators.
Finance Minister Lim Guan Eng said after receiving various feedback from restaurant owners and food stall traders, the SST tax exemption should be given to rental of small stalls within the shop's compound.
"Food and beverage shop operators are only subject to SST tax after exceeding the threshold value of RM1.5 million, which includes only food and beverages and rental rates are not inclusive of food and beverages. So rent is not required to be included in SST,” he told reporters here Sunday (Sept 9)
Earlier Lim, who is also Bagan MP, attended an SST briefing attended by 300 traders and representatives of industries companies.
Also present were Deputy Youth and Sports Minister Steven Sim Chee Keong, Royal Customs Department director-general Datuk Seri T. Subromaniam and State Welfare, Caring Community and Environment Committee chairman Phee Boon Poh.
He said the government had agreed that the threshold value of both items be set to RM1.5 million annually for food and beverages.
“The SST exemption on the sales of cigarettes in food and beverages shops with threshold value of less than RM500,000 will help traders in easing their burden with the goods being sold at the same price in other shops,” he said.
Lim also said the government was considering giving tax exemption to local operators of the research and development sector based outside the Free Industrial Zone (FIZ) which provided services to companies there.
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....
pakatan_harapan2
1,894 posts
Posted by pakatan_harapan2 > 2018-08-28 14:54 | Report Abuse
I vote PH(PKR) bec BAT RM 22 on 509. Don't disappoint me.