Monday, September 15, 2014

malaysia day message 2014

Malaysia Day 2014 message from PM of IGGG

This very important message for 2014 is likely a re-enforcement of putting our human rights in Sabah into proper perspectives based on facts and not on disillusion of largely untrustworthy people holding some positions in the nation but irresponsible to make immediate correction of errors – true and fake – in the past.  Don’t be deceived by lies of illegal leaders when repeated for 51 years have become the truth especially about the existence of “Malaysia” when such nation does not appear in legal paper or legal constitution.  Who want to accept the argument that there are things that are not in written form in the Constitution or the unwritten portion in the Constitution?  I would consider such statements would come from the CRIMINALS in Government.

1.         31 August and 16 September

The argument that “Malaysia” can emulate the USA style of Federation is based on a deceit as it is comparing an apple [Malaya] with a pear [Malaysia].  “Malaysia” – proper or not – was assumed to be in existence after a series of illegalities in the written agreements now under close scrutiny.  What is the status of the Malaysia Agreement 1963 is now exposed as simply invalid.  The position assumed was that Sarawak [S], Sabah [S], Malaya [M] got their independence from the common colonial master – the Great Britain – on 22 July, 1963, 31st August, 1963 and 31st August, 1957.  There was nothing about independence when “malaysia” was formed on 16th September, 1963 by the S,S,M together with Singapore which later “left” “Malaysia” on 7th August, 1965.  So 16th September, 2014, the 51st anniversary has nothing to do with independence.  “Malaysia” or rather Malaya had just celebrated the 57th Independence Day [red herring] on 31st August, 2014   Can we get this clear now?  If anyone is not happy about what I write based on the history, then I would call the 16th September, 2014 as a “slavery” day of “Malaya” as far as Sabah and Sarawak are concerned.  If we are not in slavery of the “Malaya” whose people call themselves the Malays and Tun Dr Mahathir call them as “thieves”, then why are we so much behind Singapore with scarce resources to start with when the GB just wished to ‘abandon’ Singapore in the mid 1950s as Singapore was ‘independent’ in July 1959.  Singapore GDP per capita in 2013 was USD50,000 while SSM with vast natural resources was only USD11,000.  I think as far as Sabah and Sarawak are concerned our GDP per capita is much less at about USD3,000.  I hope you can prove me wrong if we are not in “slavery” of sort.  Much of the GDP in Sabah is allocated to foreigners.  So my wish for 51st “Malaysia” day is for Sabah to be set free from such bondage and image of “slavery” before it is really too late for the fate of 28million people in the nation.  There is a lot of hard struggle to do this now.

2.                  Malaysian or 1Malaysia as pure slogan
I am not going to write much about this as there is no sincerity on the reality of the perception.  We all know in our hearts, minds, souls and spirits, such thing as 1Malaysia does not prevail in reality and it is a slogan forever when the existing dubious Government has a different perspective.  Similarly slogans in the past like Amanah, Bersih, Cekap  and Cemerlang, Gemilang, Terbilang and ….have largely been for show only to feel good by some people.



3.                  Isaiah organic mattress

Who would we expect that such a special product with a Biblical name has come to the nation?  So what does it serve as an indicator?  Isaiah is a name of a chapter/ book in the Bible, organic is a special concept of well being, and mattress is what we sleep on it daily for comfort.   Every book in the Holy Bible has messages for all human beings and so is Isaiah in its prophetic message.  In 1998, God reveals to me Isaiah 45, 46, and 47 for the nation.  Then I forwarded this timely message to the then Prime Minister Tun Dr Mahathir on the indicator of the direction of the nation.  I will post this brief booklet on my blog later.  As you know, ‘Malaysia” was in financial turmoil and the losses have not been recovered till today.  So we should find comfort in the message of Isaiah for Sabah especially as Sabah like Sarawak have been largely a Christian country until gradual erosion after the contagious effect/impact of Malaya..


4.                  Flags –Jalur Gemilang

Over the recent years, the zeal of the people in Sabah to fly the national flag – Jalur Gemilang has waned.  The message of physical manifestation is clear as it is in the hearts of people where we belong.  The flag is symbol of truth, and when that is not the “truth” people can see through it.  So let it be when “slavery” of sort is unbearable..

5.                  Important matters – MA1963, Oil & Gas, Bank Negara’s printers; Security,

These are important matters that must be addressed accordingly and come up with solutions for the well being of all.  There is no justice in the way “Malaysia” has handled in 51 years where legality, wealth sharing, robbery can affect everyone as far as security is concerned.

6.                  Report of RCI IIS

Where is the much expected Report of the Royal Commission of Inquiry on Illegal Immigrants Sabah long delayed for almost a year?  As it is a Royal Commission, who can block the emergence of the said report which is so essential for the security and justice in Sabah?  Does it imply that the King has a hand with such regression?  Do we need to call another RCI to establish the truth of the suppression? If such published Report can very much disturb the security as perceived by some quarters, such people should not be in high office any more.  Such entanglement was the “creation” of such people in the first place especially it is known beyond any grain of doubt that Musa Aman and his small committee still holding top positions in Sabah had issues 400,000 blue identity cards to illegal people for their selfish gains –financially and politically with rampant consequences of “ethnic cleansing and apartheid” in Sabah and beyond.  It is also a scam of Malaya to harm Sabah.

7.                  MAS, Proton, Khazanah, EPF (Battersea), Petronas etc

Does the nation have any sovereign fund to ensure the well beings of the people in years to come as the global challenge bites in the communities in the nation?  What we know and what we can see is that the nation has already over committed to various major adventures and misadventures – locally and globally- resulting in inevitable financial strains and crisis of unacceptable economic proportions in the near terms.  We are selling our raw commodities at floor bottom low prices when we should deal in value-added items especially in the food industries. Why Petronas invested the fund largely derived from Sabah and Sarawak into foreign projects and very little returned to the two states until recently?

8.                  Environment – Concrete Jungle and TAB

Does that really mean progress when some quarters only concentrate on more concrete buildings in already congested areas such as Kota Kinabalu, Sabah?  It is replacing a once  friendly environment with much concrete jungle causing much disruption in communication when there are not enough roads and car parking especially in already built up areas in Kota Kinabalu.  Consumers and residents would soon find it very difficult to get in and out of Kota Kinabalu’s Central Business District especially when public transport is largely inadequate and unreliable. The uncontrollable taste for concrete jungle has also gone beyond Kota Kinabalu city proper so much so that Tanjung Aru Beach [TAB] away from the city would never be the same when buildings of all sorts would rise up from the pristine beach once white and sandy.  The evil pretext to improve the much neglected eco status of TAB by design of the CRIMINALS in Government for decades by DBKK is to totally destroy the natural place for personal gains given the sky rocket prices of prime land in Sabah especially in Kota Kinabalu.  When finally TAB faces its fatal fate, where else would there be untouchable in Sabah?  So we must stop TAB by TAEDSD at all costs as the likely destruction with much reclamation of the seashores is irreversible by whatever human intervention.  What is more beautiful if it is not God’s Creation?  Who want to claim that they can do better than God?

9.                  Goods and Service Tax (GST)

What is GST really when it is implemented in “Malaysia” when her threshold to prosperity is questioned?  With GST, it is a totally different game in the economy.  Is “Malaysia” prepared for that?  From all the recent press releases and press conferences, I think many do not know what is GST when it is implemented especially in corruption riddled administration?  Even the preliminary stage of registration has already exposed the weak points of GST in the context of acceptance of the people especially the business community and the consumers at large.  Does the administration know how many would be eligible to be registered?  Why it is only twelve weeks away that less than 15% is registered? Would this be a “last minute” effort?  Would the whole process be meaningless as initial costs are too much for the business community? The illegal PM had declared BN/UMNO with the endless possibilities.  So what are the possibilities with the event on 1st April, 2015? Would those foreign speakers coming with arm chair - lack of hands on - experience really motivate the business community with the registration where costs of implementation can be quite hefty.   Business people spending their own hard earned money would like to see through the process counting the costs involved. That would not be a problem for the public listed companies and Government linked companies to incurred such preliminary expenditure in relevant costly items.  If BN/UMNO have endless possibilities, the hard pressed business community would also have to weigh all the possibilities including the acceptance of the consumers at large in many scenarios.

10.              Rigged GE and Pakistan

It is beyond any grain of doubt that General Election 2013 was again rigged heavily in favour of BN/UMNO by none other than the Election Commission of Malaysia (ECM).  This is also confirmed by the attitude of Malays by Tun Dr Mahathir as money is too tempting.  Rigging has been going on for decades and how can ECM be absolved of the crime against humanity? Yes, the opposition did win more seats in GE13.  If not for the repeated rigging or “raping” of the voters, Pakatan would be in Putrajaya like it or not.  My views on the rigging have been confirmed in GE2004, GE2008 and GE2013 in meticulous scrutiny.  I went to the High Court over GE2004 and GE2008 but were simply struck off by the questioned/conditioned judge even when there was a “walkover” in early hearing for me to proceed to full trial when the defendants for GE2008 did not appear before the early bias Judge.  ECM denied everything but it realized its crimes and when GE2013 came about, ECM did cover its tracks by two steps namely an important item was omitted in the official Gazette when compared with early GEs and the correction of discrepancies by publishing a second edition of the Gazette.  With two editions of the Gazette on GE13, it confirmed rigging.  Pakistan is at the present embroiled in a tussle of rigged General Elections with civil disobedience, and where would it be heading for?  Similarly, the CRIMINALS in Government in Malaysia are so happy to be warming the seats with all sort of threats using now the possible defunct “Sedition Act” of 1948 to cover their tracks.  So I had proposed since GE2004 for an Interim Good Governance Government Malaysia or IGGG M as a solution to the impasse of illegal Government with all the illegal authority to destroy the nation with a possible Bada bing for “Malaysia”.

11.              Race & Religion???

Where on earth can a religion change a race?  Did God say that?  Why is it seditious?  Is it seditious to comment on the Federal Constitution which is no longer “sacred” with so much dubious and genuine amendments over 51 years?  Isn’t it very strange that the Federal Constitution states Malay =Muslim= Malay?  Why strange if Arabs also Muslims are not Malay?  Why so special about ‘Malaysia” when its legality is questioned? Sabah was never a Malay=Muslims=Malay in 1963 if its independence is to be respected.

12.              Secession?, separation?, leave?,  kicked out?, divorced? or simply abandoned???

This is seditious matter and it is a Federal Constitution item. We cannot talk about a legal item be it in the Constitution or otherwise?  So far so good, we have been intact for 51 years of “neglected” marriage but “Malaysia” never talked of love.  Was “malaysia” thing a love at first sight or Sabah was betrothed by arranged marriage of the British Empire disintegrating like a “big bang” or a “big divorce” or forsaken children as orphans? Or was “malaysia” a new family in 1963 after a rare event somewhere?  Now after 51 years, the theme for celebration on 31st August, 2014 has finally emerged to express LOVE for Malaysia, LOVE in Malaysia.  Was Singapore “kicked out” of “Malaysia” in 1965?  We know many married couples once in love were then divorced with great responsibilities subsequently for the wife or wives.  So when some illegal leaders come up with LOVE for Malaysia in 2014, can we not talk of “divorce” or face seditious charge?   So is this theme on “LOVE” another indication for the nation in the face of disparity, oppression, lopsidedness, injustice, neglect, ab initio and now much aggravated and exacerbated by endless possibilities of BN/UMNO.  Can we cry over LOVE meaning “Leave Over Very End” or “Leave Out Very End” as really intolerable now as the last resort?  Can we see some sense in this as in marriage it is “till death do us depart”?  Can “Malaysia” as a questioned marriage for its legality be facing any real “death”?  So it is DEATH for “Malaysia” when Sabah, Sarawak & Malaya do depart which should have taken place in 1965.   If Malaya could not hold on with Singapore for whatever reasons, can you sincerely believe that Malaya can still hold on to Sabah and Sarawak when all the signs are already there for a bada bing divorce.  Under Act 750, our oil wealth already taken geographically.  If we want to debate on this “bada bing” of “Malaysia” to prepare ourselves for such an eventuality, it is a totally different forum.   We all know that in good times of the nation, Sabah and Sarawak had been largely left out in the main stream of development as Menteri Besar of Kedah Datuk Mukriz Mahathir had said “Kedah would not be today as developed if not for the wealth and resources of Sabah.”  I think all the states in Malaya can say the same.  So when bad times come to the nation inevitably, where would Sabah and Sarawak be?

So mulling over LOVE as “Leave Over Very End” or “Leave Out Very End”, as the cry is getting more intense and loud as far as in the Great Britain, are we in better position to prepare that day when LOVE is the deciding factor in the nation?  We know Sabah and Sarawak were ill prepared to go the “Malaysia” way in 1963 but hard scenario present tough decisions even after a process called IGC, Cobbold commission, 20/18 points with UN intervention?   In 1963, there were sudden confrontations from the neighbours then and somehow they were ‘weathered’ over 51 years despite the unending challenge. Today, Sabah is still in similar scenario of that unending challenge and life and fear go on hand in hand.

In 1963, there was the Azahari that broke up the intended 5 nations in “Malaysia” and today “Malaysia” can only go wayward bada bing and who is there to seal the final chapter of “Malaysia”?  Would it be DJ?


13.  Conclusion


  An Interim Good Governance Government would be in order to work for an appropriate solution rather than a bada bing for “Malaysia” and no ensuing violence of any sort within and without. We come in peace and we go in peace once and for all.  Fear not what is ahead as it was in 1963.

God bless all.


Joshua Y. C. Kong PM of  IGGG  16 September, 2014   6013-8394513

laughing stock on the number to register for GST...

 extract:Earlier, Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar said 35,998 companies have registered for the GST with Customs as of yesterday (Sunday) since June this year.

The ministry targets 123,000 companies to register for the GST by year-end.""

 

GST Would Help Secure Malaysia's Future - PM

KUALA LUMPUR, Sept 15 (Bernama) -- The Sales and Services Tax (SST) is no longer fit for a rapidly growing and economically progressive economy such as Malaysia and it is imperative for the country to expand and diversify its tax base, said Datuk Seri Najib Tun Razak.

The Prime Minister said Malaysia needs a more effective and equitable tax system that would help the country to secure its future.

Speaking at the International Seminar on the Goods and Services Tax (GST) in Malaysia in the capital, Monday, Najib said Malaysia cannot sustain its growth and development based on current revenue streams alone.

"Only one in 10 Malaysians pay personal income tax and 40 per cent of the government's revenue comes from oil and gas, a resource which we know is finite," he said.

That is why in April 2015 the governemnt is reforming the the tax system and replacing the SST with the GST, Najib said.

Najib said the GST is a modern tax which would eliminate the inherent weakness in the current tax.

"For example, the GST has cross checking elements that would increase tax compliance and promote saving and investment," he said.

Prime Minister said that as an important initiative under the Economic Transformation Programme, the GST is a strategic reform aimed at modernising our taxation system to make it more effective, efficient and business-friendly.

Najib reiterated that GST would make businesses more competitive in the global marketplace and they also would benefit from the lower cost of doing business.

"Taxes will be applied fairly among all businesses, making it a more than just tax. Put simply, it would be good for business," he said.

Najib said a lot of measures have been taken to ensure that the rakyat, especially in the lower and middle income groups, would not be burdened by the GST.

"We don't want the GST to have an adverse impact on the rakyat. That is why many goods and services will be exempted, such as water and basic foodstuffs, transportation, education and healthcare services," he said.

Najib also stressed that price gouging would not be tolerated.

The government has strengthened enforcement action through the National Pricing Council and the distribution of a shopper's guide showing prices before and after the GST, and in addition the Price Control and Anti Profiteering Act 2011 would be used against those that break the law.

Najib appealed to all Malaysian companies to avoid the "classic Malaysian syndrome" of last-minute registration.

"The sooner you prepare, especially for the inevitable, the better," he said.

Earlier, Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar said 35,998 companies have registered for the GST with Customs as of yesterday (Sunday) since June this year.

The ministry targets 123,000 companies to register for the GST by year-end.


--BERNAMA

GST in malaysia is doom to BN/UMNO because of excessive graft.

IMF Gives Thumbs Up To Malaysia's Ongoing Fiscal Reform

KUALA LUMPUR, Sept 15 (Bernama) -- The International Monetary Fund (IMF) has given the thumbs up to Malaysia's ongoing fiscal reform by broadening the tax base with the implementation the Goods and Services Tax (GST) starting April 1, 2015.

Fiscal Affairs Department Adviser, Kiyoshi Nakayama, said this shift of revenue source, from natural resource and corporate income to also include the GST, was a crucial policy direction to maintain Malaysia's long-term fiscal sustainability.

In his presentation at the International Seminar on GST 2014, he said, the growth-friendly tax was less distortive for economic growth compared with income tax.

"The GST, a consumption base tax, will not burden savings and investment, however, its design also matters," he said.

He also commended Malaysia's preparation towards implementing GST, saying that the Finance Ministry and the Royal Malaysian Customs Department's communication strategies of engaging the social media were innovative.

A speaker from the University of Exeter Business School in UK, Associate Professor in Economics, Simon James, said tax on consumption, such as the GST, was likely to cause the least damage compared to other forms of tax.

The GST, known as value-added tax (VAT) in the UK, has increased revenue and improved effectiveness in the large majority of countries that had implemented it.

"It is, in fact, one of the most successful taxes in the UK. Quite remarkably, the increase of VAT rate to 20 per cent in January 2011 from 17.5 per cent previously aroused little protest and resistance as compared to many other tax changes," he said.

The one-day international seminar, organised by the Finance Ministry, gathered experts from around the world to speak on their respective countries' experiences in implementing the tax
.

-- BERNAMA

Sunday, September 14, 2014

sure to fail and what is next?

see the number below at discrepancies of the companies expected to register and compare this in another event ----Earlier, Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar said 35,998 companies have registered for the GST with Customs as of yesterday (Sunday) since June this year.

The ministry targets 123,000 companies to register for the GST by year-end.

 

 

More Tax Experts Needed To Volunteer To Train 645,000 SMEs On GST - Wee Ka Siong

KUALA LUMPUR, Sept 14 (Bernama) -- There is a need for more tax experts to volunteer their services to train some 645,000 Malaysian Small and Medium Enterprises (SMEs) in the Goods and Services Tax (GST) implementation, said Minister in the Prime Minister's Department, Datuk Dr Wee Ka Siong.

He said some GST consultants had been known to charge as high as RM300,000 for a total GST package which includes registration, training and adapting or upgrading to GST-friendly tax systems to comply with the GST.

Smaller accounting firms had also charged between RM1,500 and RM8,000 for their services per day to help companies register for the GST, he said.

"These high fees reflect a shortage of service providers able to help companies ease into the GST compliance," he said in a statement here today.

According to Wee, he had received encouraging feedback that many companies have agreed to register for the GST to help the Government meets its financial targets and reducing public debt.

However, some concerns were conveyed to him as Minister in charge of SMEs development.

Wee opened the GST seminar on Sunday titled "Leading SMEs towards the GST Era" organised by the SME Association of Malaysia (SMEA).

Talks presented to hundreds of business owners in the audience were given by the Ministry of Finance and Royal Malaysian Customs Department.

To date, Wee said that out of 300,000 companies with annual turnover of at least RM500,000 that must compulsorily register for GST by the April 1, 2015 due date, only about 32,000 or some 11 per cent had done so.

Therefore, he urged companies to register quickly to speed up the GST implementation for the nation's best interests.

"It is best for the SMEs to look out for talks and seminars such as the one by SMEA which also gives free counselling and assistance in getting registered for the GST.

"These talks are also supported by the Government so that businesses receive correct, up-to-date information," he said.

Wee also assured that he would also bring up to the relevant authorities a proposal by the SMEA to further simplify GST registration.

It includes abolishing the need to register twice in order to receive the e-voucher for companies to implement GST-friendly tax systems.

"I agree with the SMEs that this is because the Government already possesses the relevant details of the registering company," he said.

-- BERNAMA

Something is amiss in this sector for refund of GST.

Something is amiss in this sector. Joshua

GST Could Help Attract More Tourists

By Erda Khursyiah Basir

KUALA LUMPUR, (Bernama) -- The Tourist Refund Scheme (TRS) under the Goods and Services Tax (GST) to be introduced in April 2015 can contribute to greater number of tourist arrivals.

The Dean of the Hotel Management and Tourism Faculty at Universiti Teknologi MARA (UiTM) in Shah Alam Assoc Prof Dr Mohamad Abdullah Hemdi opined that as TRS allowed tourists to reclaim the GST paid, they would not curtail on their spending during their stay in the country.

"TRS is only applicable for the goods taken out of Malaysia by the tourist and does not apply on services or products paid for and utilised in Malaysia including hotel and food bills, and etc.

"Tourists should ensure the tax invoice is handed over with the purchase receipt to support the refund process. This scheme, however, is only applicable for tourists who use air transport and have spent a minimum of RM300 including of taxes at approved outlets," he told BERNAMA.

BEING COMPETITIVE

According to the Royal Malaysian Customs GST Division Deputy Director, Tan Sim Kiat, the department is now in the process of choosing the TRS agents, who were responsible in identifying the outlets to refund the tax to the tourists.

The agents would identify the outlets to establish partnerships before GST is implemented on April 1, 2015.

"After the outlets are identified, the visitors could head to the respective outlets to buy duty free goods. When they buy the duty free goods to take back with them, they can reclaim the taxes, that will be refunded by the TRS agent," he said when met at the 2014 National GST Conference, in July.

Mohamad Abdullah said zero rated goods (after the TRS) would make Malaysian goods more competitive at the global stage.

The tax rebate promotion for tourists and an efficient tax reclaim process will help make Malaysia a shopping destination and draw more tourists.

"GST will help reduce costs in conducting business in Malaysia and at the same time will enhance the competitiveness of the country's tourism sector.

"Though the GST rate of six percent in Malaysia is reasonable, we should not forget our neighbours who may try to enhance their competitiveness by bringing down the tax rate in drawing visitors to their respective countries," he said.

THE RATES STREAMLINED

An international business management lecturer at Universiti Utara Malaysia Prof Dr Mohamad Hanapi Mohamad said in Europe, visitors were allowed to reclaim their Value Added Tax (VAT) on their purchases and local services.

Therefore, he opined that TRS could be implemented effectively if all purchases were done with receipts and invoices that state the VAT of GST rates.

Speaking of the GST rates in Malaysia, Mohamad Abdullah said the six percent is the lowest among the ASEAN nations and it could drive the nation towards greater competitiveness.

Nonetheless, he admitted that the rates could affect the tour operators' costing, when the additional costs were transferred to the tourists thus pushing up the price of tourism services.

"However, there is also a likelihood that the GST cost could be absorbed by tour operators so that they could compete," he said adding that the tourism industry is highly sensitive to pricing wars.

THE INDUSTRY STAKEHOLDERS

Touching on ways to draw more tourists after the GST comes into force, he said the main thing that one has to ensure is that the tour operators avoid raising prices indiscriminately on the pretext of GST.

He said the accurate information and a transparent and an effective GST management would provide a helping hand for the industry.

The Ministry of Tourism and Culture, he said should cooperate with the GST Monitoring Committee to ensure tour industry players avoid manipulating tourists with wrong information on GST.

"I support the government's effort of establishing the GST Monitoring Committee in ensuring GST implementation. The committee should ensure the policies, laws and guidelines relating to GST are sufficient and should monitor the implementation by the respective agencies," he said.

--BERNAMA

Reveal 85 GST-exempted items, gov't urged

Reveal 85 GST-exempted items, gov't urged


The government must list all 85 items that will be exempted in the impending Goods and Services Tax (GST) with immediate effect so that the implementation of the new tax system is transparent, Solidariti Anak Muda Malaysia (SAMM) said today.

Saturday, September 13, 2014

some good reflections




1.                   Impact of GST to Sabah is Got Sabah Trap leading to Got Sabah Tragedy!!!
2.                    Impact of GST to Malaysia is Government Self Trap or Government Self Tragedy.

3.   With GST, it is a whole different approach to do business with possible adverse impact arising from withheld consumers spending for an initial period that is enough to tilt the trend towards business closure resulting in decline in earning and many more become jobless.
4.The immediate challenge for various businesses is the hurdle to register or not to register or face the hefty penalty hence it is both costly to register or otherwise in various practical scenarios. 


5.So have anyone done a fully researched paper on how GST at various rates impacting Malaysia vis-à-vis Sabah
6.The minimum wages for basic workers to survive depending on the rates of GST?
6.1If wages need to be increased, how much would be sufficient?

7.The level of prices increases especially for the essential items depending on the GST rates?
8.Would fuel attract GST?  If so how would this impact the economy as rural Sabah would be hard hit?
  1. Would houses attract GST and if so how the prices go up especially those houses under construction when all raw materials would go up in price too?
  2. While GST inputs and outputs would be offset in a two or three month cycles, how would such cycles affect the cash flows of the businesses?
  3. At the moment, Government Service tax collected in Sabah is retained in Sabah and would GST be retained in Sabah and if so how much would likely be retained in Sabah possibly to bring reliefs to some sectors?
  4. If GST collected in Sabah is retained in Sabah, would there be a restriction that such increased amount be disallowed to be applied for development projects unrelated to trade for matching purpose?
  5. If GST is implemented, all existing taxation like corporate and income taxes would be adjusted downwards and how would this be addressed with the initial burden of GST?
  6. It maybe inevitable that black market would thrive once GST is implemented and is there any acceptable level before the disruption bites into the economy?

  1. Corruption for the implementation agency can be a factor and is there any provision for this to be thwarted?

  1. For Sabah is there a model for GST given the prevailing economic indicators at various rates of GST in the context of productivity and consumption and the level of risks that the economy can be adversely affected with hardship for most people especially Sabah people are already finding it hard.  If there is no model done, then Sabah should not see GST in the immediate future.

  1. Do we have certain specific GST schemes for certain businesses like sundry shops, secondhand car dealers, contractors/sub contractors with Government agencies?  Too costly and troublesome to issue bills for each sale for the output tax like restaurants and supermarket/minimarket.

  1. How would the 6% impact the Malaysian budget in 2015 and beyond as Government and its agencies are also consumers?

  1. GST collection and debts?  Not all invoices are collected in time to file the GST returns and some may turn out to be bad debts.  How do the registered companies concerned account for this?

  1. Manual system is allowed but the Government always emphasis electronic system to do filing.  Manual system would give the marginal companies over the threshold some confidence in terms of costs and management capacity.

  1. In the uncertainty of entry of GST, it is up to the business communities to re-invent themselves to be competitive in a range of approaches, with the threshold and the penalties in mind.  Is it worth the costs to get registered and in preparedness to be the collector of GST when the level of business post GST is uncertain.

I can offer some good professional service as I had the hand-on experience when Great Britain first introduced VAT in the early 1970s.   Joshua Kong 6013-8394513

Wednesday, September 3, 2014

so far about 500 companies registered with GST



BERNAMA › NEWs

More Than 3,000 Expected To Attend GST Information Programme Next Week


KUALA LUMPUR, Sept 3 (Bernama) -- Over 3,000 participants are expected to attend the National Goods and Services Tax (GST) Information Programme, which will be launched by Prime Minister Datuk Seri Najib Tun Razak at the Putra World Trade Centre on Sept 10.
Deputy Finance Minister, Datuk Ahmad Maslan, said the programme participants would include those from government-linked companies, government agencies, Barisan Nasional component party leaders, representatives from non-governmental organisations, youth representatives and students.

"Najib will give his keynote address and explain the GST in relation to the economy in general," he said at a media briefing after giving a briefing on GST at Universiti Teknology Mara here today.

Ahmad Mazlan said he and the Royal Malaysian Customes Department head, Datuk Seri Khazali Ahmad, would also participate in the forum as panel members.

Meanwhile, at another function, Ahmad Maslan said companies which had yet to register for GST scheme were advised to do so fast as the government would not postpone its implementation.

He said the Finance Ministry expected 2,000 firms to register for the GST scheme a day, from between 1,000 and 1,400 a day previously.

"As of Sept 2, a total of 24,429 companies had already registered for GST," he told a media briefing after addressing key GST issues to tenants, entrepreneurs, biopreneurs and business associates at Technology Park Malaysia Corp Sdn Bhd (TPM), Bukit Jalil.

TPM has also arranged special registration counters manned by officers from the Customes Department for qualified businesses to register on the spot.

TPM chairman, Datuk Nasarudin Hashim, said the initiative of TPM was to assist the government in creating greater GST awareness among its community.

He said since its inception, TPM has contributed about RM6.5 billion to the economic development of the country, accounting for about 1.2 per cent of the gross domestic product.

-- BERNAMA