PM Lee reshuffles Cabinet: 2 SM, 2 DPM, 1 MM
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Originally posted by seyKai:
VAT is applied only on goods and services that are 'value-added', basically, higher-end items, and NOT on basic necessities. Tourists can claim a VAT refund. Tourists also can claim GST refund in Singapore
you mean u dun have to pay GST to import basic necessities?
don't understand your question.
Basically, in other countries, VAT is not added on basic necessities.
So for example, rice has 0% VAT tax.
And at the end of the day, taxation is a complex topic. Yes, there MAY be other sort of taxes such as import duties, but it's irrelevant to this discussion, because what you are asking now is VAT/GST, which is a consumer-specific tax.
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please wiki Valued added Tax and see wat it say b4 u go further
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why everything also need wiki ar??? cannot use yr cow sense to think...value added and Goods n services tax is of total different situation??? VA is something that is added, it can be anything as long value is added. It usually applied to tourist of certain countries, and not to it own citizens...whereas Gst applied to all, be it tourist, import, export, citizens, business...all included. UNDERSTAND!!!! Canadian also hv VAT for tourist and Gst for all.
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Originally posted by angel7030:
why everything also need wiki ar??? cannot use yr cow sense to think...value added and Goods n services tax is of total different situation??? VA is something that is added, it can be anything as long value is added. It usually applied to tourist of certain countries, and not to it own citizens...whereas Gst applied to all, be it tourist, import, export, citizens, business...all included. UNDERSTAND!!!! Canadian also hv VAT for tourist and Gst for all.
coz it easlier to avoid an argument or read this
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Originally posted by seyKai:
please wiki Valued added Tax and see wat it say b4 u go further
*shrugs*
I am in the finance sector so I know what I am talking about, and what I am saying is precisely what wikipedia is explaining.
Coming back to basic necessities. If the country determines that rice is not going to have VAT, then regardless the number of nodes in the supply chain, all of them do not have to impose VAT at any point of the chain.
Perhaps instead of asking people to wiki, why not analyze the explanation there and determine if you understand fully what VAT or GST is all about, and then we can have a more interesting debate?
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Originally posted by soul_rage:
*shrugs*
I am in the finance sector so I know what I am talking about, and what I am saying is precisely what wikipedia is explaining.
Coming back to basic necessities. If the country determines that rice is not going to have VAT, then regardless the number of nodes in the supply chain, all of them do not have to impose VAT at any point of the chain.
Perhaps instead of asking people to wiki, why not analyze the explanation there and determine if you understand fully what VAT or GST is all about, and then we can have a more interesting debate?
each country has it gahmen n each gahmen has it own policy, how n wat they wan to impose their tax structure or wat item to omit is up to them
the issue here is GST n VAT the same?
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Originally posted by seyKai:
each country has it gahmen n each gahmen has it own policy, how n wat they wan to impose their tax structure or wat item to omit is up to them
the issue here is GST n VAT the same?
My answer to you is that GST and VAT's basic concept is similar, BUT not exactly the same. VAT = Value Added Tax. GST is Goods and Services Tax. While VAT implies that the tax is applied on high-value items such as luxury goods, cars, restaurants, etc, GST implies that it's a tax on ALL goods and services.
Not to mention, the implementation for VAT or GST varies for each country.
So your question essentially is too general for a proper answer to be given.
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Originally posted by soul_rage:
My answer to you is that GST and VAT's basic concept is similar, BUT not exactly the same. VAT = Value Added Tax. GST is Goods and Services Tax. While VAT implies that the tax is applied on high-value items such as luxury goods, cars, restaurants, etc, GST implies that it's a tax on ALL goods and services.
Not to mention, the implementation for VAT or GST varies for each country.
So your question essentially is too general for a proper answer to be given.
well, the wording are difference
you mean no VAT on services? or 1 is a consumption tax n 1 is not?
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Originally posted by seyKai:
well, the wording are difference
you mean no VAT on services? or 1 is a consumption tax n 1 is not?
VAT also can be on service.
Value-added service, Value-added goods.
Both VAT and GST are consumption tax.
1 can be seen as a targetted consumption tax (VAT), the other is an across-the-board consumption tax (GST)
Again, it's very dependent on how each govt interprets and implement such taxation tool.
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Originally posted by soul_rage:
VAT also can be on service.
Value-added service, Value-added goods.
Both VAT and GST are consumption tax.
1 can be seen as a targetted consumption tax (VAT), the other is an across-the-board consumption tax (GST)
Again, it's very dependent on how each govt interprets and implement such taxation tool.
Singapore has alot of tax on imported cars, alcohol, cigeratte.... all is value added tax...
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Originally posted by soul_rage:
VAT also can be on service.
Value-added service, Value-added goods.
Both VAT and GST are consumption tax.
1 can be seen as a targetted consumption tax (VAT), the other is an across-the-board consumption tax (GST)
Again, it's very dependent on how each govt interprets and implement such taxation tool.
well, u answered the question
Both VAT and GST are consumption tax.
Again, it's very dependent on how each govt interprets and implement such taxation tool.
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Originally posted by seyKai:
well, u answered the question
Both VAT and GST are consumption tax.
Again, it's very dependent on how each govt interprets and implement such taxation tool.
like I said, it's dependent on how you compare them.
You can say apples and oranges are the same because they are fruits. But you cannot compare apple and orange, isn't that what they say?
So GST and VAT could be viewed in the same way. Both are consumption tax (fruits) but are different in their own ways.
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Originally posted by soul_rage:
like I said, it's dependent on how you compare them.
You can say apples and oranges are the same because they are fruits. But you cannot compare apple and orange, isn't that what they say?
So GST and VAT could be viewed in the same way. Both are consumption tax (fruits) but are different in their own ways.
both tax r diff, then name me a country which got both GST n VAT
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Originally posted by skythewood:
Singapore has alot of tax on imported cars, alcohol, cigeratte.... all is value added tax...
I think those are considered import duties. They don't call in VAT.
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Originally posted by seyKai:
both tax r diff, then name me a country which got both GST n VAT
*scratch head*
Don't quite understand why you keep insisting they are the same. Their purpose are similiar, but they have different implications.
Well, if it makes you happy, ok they are the same. After all, apples and oranges are fruits :). So now that you have won, so tell me, what does it achieve for you?
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Originally posted by soul_rage:
I think those are considered import duties. They don't call in VAT.
wat import duty u refering. VAT? -
Originally posted by seyKai:
wat import duty u refering. VAT?never mind.
they are all the same to you anyway.
In fact, all taxes are the same. They are Taxes, which is just a tool to generate revenue for the govt :)
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Originally posted by soul_rage:
never mind.
they are all the same to you anyway.
In fact, all taxes are the same. They are Taxes, which is just a tool to generate revenue for the govt :)
u r not just capable to explain the diff. between 2 consumption tax -
Originally posted by seyKai:
u r not just capable to explain the diff. between 2 consumption taxhaha, not that. It's that you aren't capable of understanding the difference.
Either way, there is no point educating you since you already have the prenotion that both taxes are the same. At the same time, it doesn't benefit me, so I will leave it to you to decide that all of us are incapable while you are the most capable guy around. :)
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there r certain diff btwn VAT n GST but wen comes to cosumers both tax r consumption tax
n no point to argue as u r not capable to point out
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Originally posted by seyKai:
there r certain diff btwn VAT n GST but wen comes to cosumers both tax r consumption tax
n no point to argue as u r not capable to point out
yes yes, you are the best :)
after all, you just read wiki and you think with that you know everything.
And please, its CONSUMERS.
No point arguing with you as your English is atrocious and you can't seem to understand the diff btw VAT and GST.
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Originally posted by soul_rage:
yes yes, you are the best :)
after all, you just read wiki and you think with that you know everything.
And please, its CONSUMERS.
No point arguing with you as your English is atrocious and you can't seem to understand the diff btw VAT and GST.
a lousy sore loser? -
Let me help you soul_rage as i really cant quite bear to see seyKai take credit as the most capable dude around. Understand that GST is a final tax on all produced goods and services i.e. taxes are imposed on the final value of the good or service transacted wheres for VAT it is a tax that is being imposed on the value added between each stage of its production i.e. taxes are imposed on the additional value of the good generated after each stage of production. And bout their similarities VAT and GST are both indirect taxes which means that those paying the taxes are not the sole bearer of the tax as in this case producers who are being taxed can pass on the tax burden onto consumers in terms of price adjustments and the relative proportions of the burden depends on the various elasticities of demand and supply. Hope that you seyKai given your fantastic intellect can understand this, hope it helped =D
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Why suddenly a thread about SMs become a discussion about GST and VAT?
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Originally posted by seyKai:
i m merely stating facts on wat u wrote, if u cannot take the insult, keep yr big mouth shutHaha... what facts is that? I made a bet to someone else, than you chup in kao bei kao bu.
I can insult people too....
you are a faggot who can't even understand simple logic of the bet, and still have the guts to ask me to state the bet over and over, so retarded that i want to laught at you...
you dare take the bet or not? idiotic bastard.