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GST is Part and Parcel of Our Life [ January 21st, 2014 ] | 318 views | Leave a Comment

Everything we touch seems to be related to taxation. However, not many are fond of taxation but somehow; we have no choice but to acknowledge its importance because the only things certain in life are death and taxes which no one can escape from.

While most of us work hard to increase our wealth and like to accumulate it via investment in properties when opportunities arise, some may have concerns on whether they are wealthy enough in the eyes of the Malaysia Inland Revenue (IRB) to afford properties which are viewed as “big ticket items”. This is especially for those who are pocket rich but who might not have declared their full taxable income to the IRB.

They are therefore not very sure if the IRB will pay them an unexpected visit when they start investing in properties. Hence, I noticed that if a person has yet to fully declare his true income which he has earned, he may choose to keep himself away from the radar of the IRB by being less active in property investment even though he is rich.

Property as an Ideal Investment

Nevertheless, most people including me agree that owning a roof over our heads is one of the most important personal goals life. In addition, putting our extra money in property investment could possibly bring better returns as compared to keeping our hard earned money in cash or placing it with the banks which can only give us a small return ranging from 0.2%-3% per year. Personally, I feel that at the end of the day, investment in properties is still smarter way to preserve and grow our wealth over the long term.

How GST plays an important role

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In addition, with the proposed implementation of the Goods and Services Tax (GST) come April 1, 2015, most goods and services including certain properties will be subjected to 6% GST. This will affect the supply of property which will potentially impact the top and bottom line of property developers due to the expected increase in costs. Thus, with the coming GST, many are interested to know why it will affect the property market.

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How To Make Payment Through Maybank2U?

Time is Money. Nowadays, most of the businessman will face tight schedule problem or lack of time to do banking transaction. In order to overcome this issue, Maybank2u is a good choice for them to do online banking transaction. I believe most of you are very familiar with Maybank2u already. Am I right?

Maybank2u.com is an instant online banking service that allows the Maybank customers to access from the desktop or laptop at anytime, anywhere. Besides, Maybank2u is the first bank which offering online banking via online banking portal.

Maybank2u provides a lot of online banking features such as transferring funds and checking account balance; they also provide the facility to pay for your utility bills online (this include Astro, water bill, electricity bill, telephone bill, and TMnet).

Step By Step How To Make Payment via Maybank2u.com

1. Logon to http://www.maybank2u.com, sign in with your saving/current account’s username & password.

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2. Then, click on “Accounts and Banking”.

3. Next, click on “Transfer”.

4. Now, click on “3rd Party Account Transfer”.

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5. After that, key in your “Amount” to be transferred

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September 7th, 2009 | Posted in » Bank & Investment, Finance Tips, Online Transaction | 1 Comment | 21,386 views