With the upcoming 0% GST rate, many consumers would delay their smartphone purchases before the 1st of June. However, if you can’t wait to get a new device, honor doesn’t want you to wait any longer. In conjunction with the month of Ramadhan and Raya celebrations, they are offering price reductions for selected models.
The Malaysian Government had recently announced that GST will be zero-rated beginning of next month. With about two weeks to go, it appears that it is better to hold your smartphone purchases as it could be cheaper when the GST rate is reduced from 6% to 0%.
If you can’t wait, Huawei Malaysia has just announced a 6% off promo which will be kicking off starting tomorrow.
If you’re wondering what’s the impact on smartphone prices, we’ve got it covered. Read on to find out how much smartphones would cost with 0% GST.
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After debunking a false release that GST will be abolised, the Ministry of Finance of Malaysia has declared that the goods and services tax (GST) will be zero-rated from 1 June.
UPDATE: Ministry of Finance announced that GST will be zero-rated effective 1 June 2018.
Today, a purported press release declaring GST will be abolished by 1 June 2018 has been circulating online. It claims to be from the Ministry of Finance and it also mentions that GST collected from 9 May 2018 will be refunded back as compensation. The purported release also mentions that no new tax will be introduced throughout the first two years of Pakatan Harapan’s administration.
Beginning 1st January 2016, all prepaid reloads in Malaysia will be sold without the extra 6% charge. This is in line with the directive to exempt prepaid reloads from GST. It doesn’t mean that prepaid is free from GST, as it will be charged upon usage, instead of being paid upfront.
Fortunately, the government will be offering GST rebates as announced during Budget 2016. To address concerns, MCMC has published the full details ahead of its implementation on new year’s day
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As 2015 comes to an end, Malaysian prepaid users will experience a change come 1st January 2016. Effective next year, all prepaid reloads will no longer include the 6% GST, so a RM10 top up will be sold at RM10. Should you hold out on your new reloads until the new year?
As the transition is taking place with new reload cards entering the shelves, a couple of telcos are dishing out special offers that will give you more than your money’s worth. Read on to find out what offers are available.
Malaysian prepaid players we’re given a 1st November deadline to revise its top up/reload pricing to its pre-GST days. At the moment, a RM10 top up would cost RM10.60 while a RM50 top up costs RM53, inclusive of 6% GST.
The Ministry of Finance (MoF) has been slaving away tinkering and adjusting the scale of the annual Budget announcement. Being hard hit by drops in oil trade prices due to an excess of supply and micromanaging the qualms of 1MDB, our Prime Minister Datuk Seri Najib Tun Razak has a lot on his hands – if that wasn’t clear enough. But will the ICT market win or lose when Budget 2016 is read?
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Malaysians purchased 4.8 million smartphones and 0.9 million tablets during the first half of 2015. Numbers which rose by 42% and 15%, in the two aforementioned categories, compared to the same half of 2014. Predominately, sales were geared towards makers from China and Taiwan for smartphones and the tablet space still leans towards global vendors.