Passive Income

The link below is a great book to be owned. Don't worry, it's free as the author said so.

http://www.thegradstudentway.com/Generation%20of%20a%20Second%20Income%20for%20the%20Poor%20Graduate%20Student%20Final.pdf

Item captured from:
http://thegradstudentway.com/blog/?page_id=196

Time to say NO to Bank service

Year 2015 

Not a very good start

GST had been a very hot topic among Malaysian since it had been announced by the Malaysia Government. You may hear discussion about GST everywhere, from mamak stall gossiping until OLs shopping moment. Begin on April 1^st 2015, this very-common-in-other-countries tax will be charging Malaysian regardless races and religion. With this tax, our all-hail-BNM wishes to increase the income of government after they had let go the tax from petroleum, another hangat topic in Malaysia. Looks fair as everyone kena this GST but there are many potential traps within this new tax, after a series of collection from mamak store and internet.

You may leave now if you don’t like this topic.

From Sin Chew Daily the internet criticized under-control / best-seller newspaper, shown that there is nothing good anymore on using the very convenient electronic money transfer, as we may be charge, in anyhow and any way, of the GST. Excluding the popular service of money saving and/or withdraw, putting fixed deposit, everything else will be GST applied. Even though they don’t tax for credit cards’ annual fee as there is none for certain credit cards, and interest payment are tax free, the bank service such as usage of cheque, application or renew of debit card, or e-payment for utilities bills will be GST-ed.

So the first thing I personally will do is having no cheque payment for salary but request cash in directly into my saving accounts, having a new habit of payment via cash instead of debit cards or credit, get myself a well-trained body/bodyguard to guard my cash under pillow, and try to keep my little kitty in fixed deposit as in rumor, all type of investment will be GSTed as well. Let’s pray for a Maybe, there will be a GST-free bank and I shall put all my remaining little kitty into it.

Yes, sadly, the Government is that poor now. And BR1M is on the way to their receivers. I need it as I am freaking poor now.

http://news.sinchew.com.my/node/401859?tid=77

來往戶頭費用
1.銀行向客戶徵收特定的費用，如每半年一次的來往戶頭費用及第五次從提款機取款的費用（每月），這些服務是否要徵收消費稅？
答：是，這些服務要繳付6%的消費稅。舉例說，一些銀行規定每個月從提款機取款超過4次後，從第五次開始，每次多徵收50仙費用，從明年4月1日開始，則需額外繳付3仙消費稅，總費用為53仙。

補發提款卡
2.銀行向遺失提款卡、存摺的客戶徵收補發費用，這些服務是否要徵收消費稅？
答：是，這些服務要繳付6%的消費稅。舉例說，客戶遺失提款卡的補發費用為10令吉，從明年4月1日開始，則需額外繳付60仙消費稅，總費用為10令吉60仙。

租用保險箱
3.客戶向銀行租用保險箱，費用以大小、每年計算，這服務是否要徵收消費稅？
答：是，這服務要繳付6%的消費稅。舉例說，保險箱的每年租用費為100令吉，從明年4月1日開始，則需額外繳付6令吉消費稅，總費用為106令吉。

匯款服務
4.客戶使用銀行的外國匯款服務，這些服務是否要徵收消費稅？
答：是，這些服務要繳付6%消費稅，舉例說，一名客戶使用銀行匯款，替其印尼女傭匯1千令吉的薪水回家，銀行每次徵收20令吉的手續費，從明年4月1日開始，則需額外繳付1令吉20仙消費稅，總費用為21令吉60仙，但有關匯款1千令吉不必徵收消費稅。

網上轉賬
5.一名銀行客戶薪水匯入A銀行，他常使用網上直接轉賬繳付各種賬單，每次交易被徵收10仙的費用，這服務是否要徵收消費稅？
答：是，從明年4月1日開始，這10仙的費用需額外繳付6%的消費稅，即0.6仙，總費用為10.6仙，但轉賬數額不徵收消費稅。

跨銀行提款
6.持有A銀行提款卡的客戶，使用B銀行提款機提款，目前被徵收1令吉的費用，這服務是否要徵收消費稅？
答：是，從明年4月1日開始，這1令吉的費用需額外繳付6%的消費稅，即6仙，總費用為1令吉6仙，但有關提款數額不必徵收消費稅。

免年費信用卡
7.許多銀行會豁免信用卡的年費，以吸引更多客戶，這些被豁免的數額是否要徵收消費稅？
答：不，既然持卡者沒有繳付年費，則銀行不能向客戶徵收年費消費稅。

存款提款
8.一名銀行客戶從其儲蓄戶頭、來往戶頭或定存戶頭，存款或提款，是否要徵收消費稅？
答：不，從儲蓄戶頭、來往戶頭或定存戶頭，存款或提款，無需繳付消費稅。

銀行利息
9.銀行付給或繳付銀行的利息，是否要徵收消費稅？
答：不，銀行付給或繳付銀行的利息，無需繳付消費稅。

Don’t ever feel offensive with someone under stress and blogging rubbish; it is unnecessary as stressful person is considering crazy.