Posted by Income > 2 months ago | Report Abuse

But why no luxury items tax? 2024 the gov cancel it wor,why?

Posted by Sslee > 2 months ago | Report Abuse

U turn and now tax my favorite salmon fish and lobster with SST and spare the rolex, LV, Bijan and etc.

Posted by Balian de Ibelin > 2 months ago | Report Abuse

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.

Posted by icecool > 2 months ago | Report Abuse

@speakup
"as expected, nothing good for M40. semua bagi B40 je"

i told you before the m40 class is the sucker class.

Posted by ks55 > 2 months ago | Report Abuse

Nothing came out from Budget 2025. Life is going on macham biasa.

Posted by StarOfTheBull > 2 months ago | Report Abuse

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. 🤔

Posted by pang72 > 2 months ago | Report Abuse

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

Posted by Income > 2 months ago | Report Abuse

Latest 2 by erections won la. They don't care。Tax m40 for B40 laa.
M40 doesn't send the mesej to gov. That's the problem.

Posted by ahwong95 > 2 months ago | Report Abuse

i agree its one of the most boring budget ever

Posted by Income > 2 months ago | Report Abuse

Balian de Ibelin

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

？

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

Posted by Income > 2 months ago | Report Abuse

Forgot to add
I eat Kangkong vege every day because Bossku said can buy with Rm1.00 bahhh

Posted by Sslee > 2 months ago | Report Abuse

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

Posted by Income > 2 months ago | Report Abuse

Rm now is strong u better buy sing dollar. Protection for yourself

Posted by StarOfTheBull > 2 months ago | Report Abuse

"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.

Posted by speakup > 2 months ago | Report Abuse

no wonder many REITs last minute big selldown yesterday
insiders dumping!

Posted by StarOfTheBull > 2 months ago | Report Abuse

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?🤔

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Solution is to migrate overseas
Balik Tongshan, many people tells you to go anyway.

Posted by pang72 > 2 months ago | Report Abuse

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

Posted by pang72 > 2 months ago | Report Abuse

If you are not poor like B40, I will make you to be B40 one day..
Out hope in future!!

Posted by pang72 > 2 months ago | Report Abuse

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.

Posted by StarOfTheBull > 2 months ago | Report Abuse

"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?

Posted by DickyMe > 2 months ago | Report Abuse

Budget to feed privileged beggars.

Posted by StarOfTheBull > 2 months ago | Report Abuse

"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.

Posted by StarOfTheBull > 2 months ago | Report Abuse

* Investments in equities do not guarantee return with dividend, risks involved.

Posted by Sslee > 2 months ago | Report Abuse

Repost:
I am trying hard to build a portfolio that earned me 200-300K after retirement so now gorvernment wants to tax 2% on my dividend

Know what all the super rich did not hold too much share directly under their name but indirectly under their private companies. So how to tax them?

Posted by Sslee > 2 months ago | 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 > 2 months ago | Report Abuse

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.

Posted by Income > 2 months ago | Report Abuse

Foreigner can run＆invest in Spore or other place. But rich helividend Sslee can't run to invest and get dividend shares in Spore。

Posted by Income > 2 months ago | Report Abuse

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?

Posted by Sslee > 2 months ago | Report Abuse

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.

Posted by Income > 2 months ago | Report Abuse

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.

Posted by Income > 2 months ago | Report Abuse

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 > 2 months ago | Report Abuse

Who is addicted to tax?

Posted by Sslee > 2 months ago | Report Abuse

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

Posted by Income > 2 months ago | Report Abuse

Sslee sir, then you buy RCUIDSlike stony did and no helividends taxes?

Posted by Income > 2 months ago | Report Abuse

If I have money, I will by spore shares. But I also will be taxed 2% for foreign dividends。Mati langkah.

Posted by Sslee > 2 months ago | Report Abuse

If I bought RCUIDS under my direct holding then 2% tax on dividend.
The 2% dividend tax only applied to individual not company.

Posted by Income > 2 months ago | Report Abuse

Stony is very smart ular。Can't tax Stony。

Posted by Income > 2 months ago | Report Abuse

KUALA LUMPUR, Oct 18 — Income from dividends that crosses RM100,000 will be taxed at a 2 per cent rate starting next year, Prime Minister Datuk Seri Anwar Ibrahim announced today as he unveiled the largest federal spending plan to date.

Anwar, who is also finance minister, said the tax will be applied “progressively” but whether or not this means the tax rate would change the higher the dividends are or would be taxed at a flat rate of 2 per cent is unclear at the moment.

How does it work?

Suppose you invested RM4 million in shares and the company you invested in announced a 3 per cent dividend for the financial year 2025. Your dividend earnings would total RM120,000, which means that income is taxable since it’s above RM100,000.

What’s the tax rate?

That RM120,000 will be taxed at a 2 per cent rate, according to what was said during the Budget presentation in Parliament. Anwar said the tax would apply “progressively” but did not elaborate during the tabling.

Progressive taxation could mean that if your dividend for the year is RM120,000 (at 2 per cent), only the RM20,000 would be taxable.

The other scenario is that the 2 per cent tax rate would apply on the total amount of dividend, so a RM120,000 would amount to RM2,400 in tax that the individual would have to pay.

It’s also unclear if the dividend tax would be charged in tandem with your income tax or separately.

What is getting taxed?

Just dividends. The dividend yield of a stock is the dividend amount paid per share and is expressed as a percentage of the company’s share price. There are companies that pay dividends by allocating shares to the shareholders instead of cash.

Whether or not this would be taxed, or how, is unclear.

Who will likely get taxed?

Hypothetically, anyone receiving dividends from stocks, mutual funds, or other investments will be subject to dividend taxes. This includes individuals and companies.

Posted by Income > 2 months ago | Report Abuse

Who will likely get taxed?

Hypothetically, anyone receiving dividends from stocks, mutual funds, or other investments will be subject to dividend taxes. This includes individuals and companies.


？


Sslee Sir,
U are wrong. Company also has to pay 2% dividends tax，
Stony kena tax lah...

Posted by Income > 2 months ago | Report Abuse

It's a cat ＆ mouse game. The cat is the gov.
Who wins? Surely the cat wins.

Posted by The_JQuestion > 2 months ago | Report Abuse

2% on 1 mil only 20K , tony wan run from this... in fact he buy more , cause sure untung SUre rocket sure LIMIT up to the SKIES

Posted by hng33 > 2 months ago | Report Abuse

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report

Posted by Sslee > 2 months ago | Report Abuse

If associated companies pay dividend to holding campany tax 2% and then holding company pay dividend to individual shareholders or private holding company tax 2 % then private company pay dividend to shareholders tax 2%.

So how many time government want to tax dividend?

Posted by Income > 2 months ago | Report Abuse

hng33 ，you sangat pandai! Good.

Posted by Income > 2 months ago | Report Abuse

Sslee sir; as many times as gov possible tax 2% dividend tax laa.

Posted by hng33 > 2 months ago | Report Abuse

Sslee

Exactly these is what conglomerate big company is doing. One listed company have numerous subsidiary or associate company. Even SME also form many companies under them to exploit gov tax loopholes. Many director like to employ accountants that offer service to avoid high personal income tax rate 30% which is sharp contras if compared to corporate tax 25% and SME 15%. The best easier way is fragmental profitable company into many small companies via different shareholding status either as 50% JV, 70% subsidiary or 49% associate leve. Director can each appointed in each of these companies to enjoy dividend which is tax at single tier at corporate level either 25% or 15% depending on size of revenue, then, declare big dividend through these level as tax free to entitle Individuals director or share with another company depending on shareholding %. After these done as corporate expense, then only consolidate at group level for retail shareholder portion

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Dump all Bursa shares and reinvest all into Singapore dividend shares.
All foreign sourced income is still tax free until 31 Dec 2026

On 1 January 2027 just balik Tongshan and live like a King in Shenzhen 😁

Posted by paulthesotong > 2 months ago | Report Abuse

Follow Trumpology.. no person income tax just impose ,30 % tax on all imported goods. simple n easy.

Posted by Income > 2 months ago | Report Abuse

Posted by paulthesotong > Oct 19, 2024 8:55 PM | Report Abuse

Follow Trumpology.. no person income tax just impose ,30 % tax on all imported goods. simple n easy.



？

Follow Trumpnomic The easiest thing to do than tax 2% dividends。