2011 GST on Gold Bullion in Malaysia? [Archive]

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GoldenFinger

26th November 2009, 11:16 PM

Malaysia plans 4.0% GST in 2011
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1020728/1/.html

UOB in Singapore is charging 7% GST on their bullion sold. Will our bullion in Malaysia be charged 4% come 2011?? Anyone has more information on that?

If it does, does it mean that the prices of bullion on 1st Jan 2011 will be automatically increased by 4% from the price of 31st Dec 2010? Assuming spot price stayed stagnant over the night.

Amadan

27th November 2009, 03:09 PM

We can place utmost trust in all governments steal money from the work and labour of its people.
They will take our money and give it to their cronies and themselves. Bury your gold, tell no one.

GoldenFinger

27th November 2009, 05:15 PM

We can place utmost trust in all governments steal money from the work and labour of its people.
They will take our money and give it to their cronies and themselves. Bury your gold, tell no one.

With all the land slides going on...I can't even be sure that the soil under my house is solid enough... :-\