Sunday, October 25, 2009

Annual service tax RM50 per Credit card

I don't know, is it a good news or not. Goverment will imposed RM50 per year on each credit card and charge card. Can you imagine you have 4 credit cards ? It mean RM200 per year!!
Its a big amount ...so, let's start thinking either we need a credit card ? For me, I will start to terminate all my Visa and Mastercard. I will keep it if "BANK" offer it as free . Do you think our BANK will pay it to goverment ? If they got 100,000 card credit holders thats mean they need to pay RM5,000,000.00 !! WOW ...that alot ...and the best way is to ...let the card holder pay for it ...believe me . We need to think on credit card usage and only hold 1 credit card ...it is enough ..
This is a bad news to the "BANK", slowly they will lost their customers. And Malaysian ...one credit card is enough, please choose either Visa or Mastercard. Or no credit card at all!!!
Good luck .



From www.thestar.com.my

PM: RM50 for credit card not a big deal


HUA HIN: Describing Budget 2010 as “painless”, Datuk Seri Najib Tun Razak said the people should not complain about the Government’s decision to impose a RM50 annual service tax on principal credit and charge cards.

Instead, the Prime Minister said they should look at the overall benefits offered by the Govern-ment in the Budget.

“They are getting the RM1,000 tax relief and those paying tax at 27% will now pay 26%.

“So, they get two (relief measures) and only have to pay RM50 (per credit card). Don’t tell me they cannot pay RM50?” he said after a meeting at the 15th Asean Summit here yesterday.

Najib, who arrived here on Friday after tabling the Budget in Parliament, had earlier asked the media on the reaction back home to his maiden Budget.

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