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BUDGET 2015
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Who & by how many Big Macs each income group is benefitting from the Personal Income Tax.BR1M is just a cover up.
khalidkarim …
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HOW WONDERFUL, YOU MAY THINK. “No GST for RON 95! Hooray!”
“Hooray? Really”
We were tricked. Again.
Pre-Budget 2015, RON 95 was RM2.10@litre, and then the government increase the price to RM2.30@litre. That 20 sen rise is an increase of 9.5%! GST would have meant only a 6% increase.
No, we didn’t benefit. They took away more of our money and then re-assured us that they wouldn’t take any more (for now, anyway).
Gov’t fooling rakyat on ‘no GST for RON95’ BUDGET 2015 ‘The 20 sen hike on RON95 is more than GST imposed on it.’ http://fb.me/1vQKFlWoh
BUDGET 2015 The government is fooling the people with its proposed exemption of the goods and services tax on RON95 petrol, as the 20 sen hike recently is much higher than if GST is imposed on it, says Ampang MP Zuraida Kamaruddin.
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Najib yesterday announced there will be no GST imposed on RON95 petrol, diesel and liquified petroleum gas.
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Meanwhile, Kedah PAS Youth said in a statement that it is time for the government to stop cheating the people that the fuel price hike is because of a hike in global oil prices.
Today, the wing said, the price of oil is US$90.73 (RM295.42) a barrel, compared with the July rate of US$103 (RM335.37) and the price is expected to drop further.
This information could be checked by any layman and this is public knowledge.
http://www.malaysiakini.com/news/277292
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GOOD NEWS, BAD NEWS.
GOOD NEWS for the Government, BAD NEWS for us (except ministers, the wealthy tan seris and datuks, etc..)
Analyst expects GST to bring RM690 million net revenue in 2015: The net revenue from the implementation of the… http://bit.ly/1tNOnb6
Citi Research, which is a division of Citigroup Global Markets Inc, said its forecast was based on GST gross revenue of RM23.3 billion, revenue losses from the abolition of sales and services tax (SST) (RM13.8 billion), revenue losses from the expanded list of exempted goods (RM3.8 billion), and expanded assistance programmes (RM4.9 billion).
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PUT IN A FORM EASIER TO UNDERSTAND:
GST collection RM23.3 billion
Less no SST RM13.8 billion
Less no revenue from exempted goods RM3.8 billion
Less What the govt gives back RM4.9 billion
Net revenue RM0.69 billion
Including last week’s fuel price hike, 2015 inflation is expected to jump to 4%-5% in 2015, with private consumption expected to slow to just 5.6%.
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About 200 people felt that the Government took too much and gave back too little!
Protesters hit KL streets after Budget reveal, vow weekly strikes: KUALA LUMPUR, Oct 11 — Angry with the gover… http://bit.ly/1sosaE0
Protesters took to the streets today, angry with the government for its alleged failure to address spiralling living costs in yesterday’s Budget 2015 announcement. — Picture by Yusof Mat Isa
KUALA LUMPUR, Oct 11 — Angry with the government for its alleged failure to address spiralling living costs in yesterday’s Budget 2015 announcement, several activist groups took to the streets in the national capital today demanding price cuts on a basket of goods and services.
Their chief beef was with the pump prices of fuel, which rose 20 sen this month, judging from the name they gave to their march today — “The 20 cent satire” — and vowed to carry out demonstrations on a weekly basis until the government accedes to their demands.
“Book vouchers are not enough and fuel prices are still a burden,” the protestors cried as they circled the Sogo shopping complex on Jalan Tuanku Abdul Rahman here twice.
The protestors comprised mainly of three non-government organisations, Solidariti Anak Muda Malaysia (SAMM), Gerakan Turun Kos Sara Hidup (Turun) and anti-fuel price hike movement Protes.
A few student activists were also seen marching alongside, sending the group, which numbered about 50 at the start to roughly 200 by the end of their demonstration.
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個人稅下調‧足於抗消費稅衝擊~~ http://bit.ly/1o4JL4i
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PTPTN: A GOOD OFFER!
National Higher Education Fund Corporation (PTPTN) loan borrowers can expect a 20% discount if they repay their loans in full by March 31 next year.
Those who are unable to do so can still get a 10% off their loans if they make continuous payments for 12 months until Dec 31, 2015.
Prime Minister Datuk Seri Najib Tun Razak said the discounts were meant to encourage repayment, and some 174,000 borrowers had not made any payments since 2010.
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I USED 236 UNITS IN THE PAST MONTH, SO I WON’T HAVE TO PAY GST ON ELECTRICTY USAGE.
HOWEVER, it has been less hot and stiffy, so we did not use any air-conditioner.
When the hot, dry months arrive, we will get hit by GST. GUARANTEED!
#Budget2015: Electricity consumption not subject to GST increased from the first 200 units to 300 units; will benefit 70pc of households
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GST: DETAILS
#Budget2015: Zero-rated items under GST to include all fruits, white bread, medicines, books http://dlvr.it/78xC3j
65. During the announcement of GST in the 2014 Budget, the Government proposed not to impose GST on basic food items and services. Based on the feedback received from all segments of society, the Government agrees to widen the scope of items that will not be subjected to GST as follows:
(i) All types of fruits whether local or imported;
(ii) White bread and wholemeal bread;
(iii) Coffee powder, tea dust and cocoa powder;
(iv) Yellow mee, kuey teow, laksa and meehoon;
(v) The National Essential Medicine covering almost 2,900 medicine brands. These medicines are used to treat 30 types of diseases including heart failure, diabetes, hypertension, cancer and fertility treatment;
(vi) Reading materials such as children’s coloring books, exercise and reference books, text books, dictionaries and religious books; and
(vii) Newspapers.
66. In addition, the Government has also agreed electricity consumption that is not subject to GST be increased from the first 200 units to 300 units. This will benefit 70% of households.
67. Further, to ensure the implementation of GST does not burden the rakyat, the Government has agreed that the retail sale of RON95 petrol, diesel and LPG be given relief from the payment of GST. Through this measure, consumers and targeted groups will not have to pay GST on the purchase of RON95 petrol, diesel and LPG.
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WHAT THEY GIVE: A PITTANCE
THIS IS GOOD NEWS FOR ALL MY FRIENDS IN GOVERNMENT SERVICE (Hey, school teachers!)
189. For civil servants, I am pleased to announce a half-month bonus with a minimum payment of RM500 to be paid in January 2015. Government pensioners will also receive special financial assistance of RM250.
HEY BR1M RECIPIENTS! More goodies for you! NOTHING FOR ME.
181. Taking into consideration the increased revenue collection from GST and the affordability of the Government, we will increase BR1M from RM650 to RM950. The assistance is for households with a monthly income of RM3,000 and below. It will be disbursed in three instalments of RM300 each to be paid in January and May with the balance of RM350 from September 2015.
182. For households with a monthly income between RM3,000 and RM4,000, the Government will increase BR1M from RM450 to RM750. This assistance will be disbursed in three instalments that is RM200 to be paid in January and May while the balance of RM350 from September 2015.
183. For single individuals aged 21 and above and with a monthly income not exceeding RM2,000, BR1M will be increased from RM300 to RM350 a year. This assistance will be disbursed early next year.
184. In addition, the Government will replace the group takaful insurance or i-BR1M with Family Bereavement Scheme. The new scheme will entitle the next of kin of BR1M recipients to receive RM1,000 effective for a year.
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WHAT THEY TAKE AWAY: A HUGE AMOUNT!
34. In 2015, with the implementation of the Goods and Services Tax (GST) Government revenue is estimated at RM23.2 billion. However, as a caring Government, we have exempted several goods from GST amounting to RM3.8 billion.
35. With the implementation of GST, the Sales and Services Tax (SST), will be abolished resulting in revenue foregone of RM13.8 billion. This means that after deducting RM13.8 billion and RM3.8 billion from a revenue of RM23.2 billion, the Government will have a balance of RM5.6 billion.
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Budget 2015: Full text of Najib’s speech
http://www.thestar.com.my/News/Nation/2014/10/10/Budget-2015-full-speech-text/
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weehingthong 