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Author: admin | Category: Loan Calculator Canada | Date: 07.09.2014

Additional RM 500 rebate will be given away to our Honda Customers as shown in the table above! Kindly note that this rate is subject to change depending on your car model, loan amount, loan period and bank’s approval. This upcoming Hari Raya Promotion will be celebrated with higher discount for all Toyota models. December 5, 2011 Chattel Mortgage is a loan facility where the client owns the asset but the financier takes security of the asset until the agreement is completed.
The ownership of the asset is you so as such create an asset to record the purchase of the vehicle (MV at Cost), total amount Ex GST as stated on the Tax Invoice from the car yard. A Chattel Mortgage is suitable for those companies, partnerships and sole traders who use the cash method of accounting (they record business income and expenses as and when they occur) as it allows them to claim the GST in the vehicle’s price up-front. While previously GST was only payable on the purchase price of the vehicle or asset, as of the 1 July GST will be payable on the purchase price of the asset or vehicle, all term charges (interest), and any fees. For those customers who are registered for GST, the extra GST charged can then be claimed back as Input Tax Credit progressively over the life of the loan. Receive customised Accounting Software tips and learn how to use MYOB software with detailed tutorials. About Benn FranzmannI am a qualified Accountant specializing in the setup and training of various forms of accounting software.
Would you be interested in trading links or maybe guest authoring a blog article or vice-versa? I financed a MV purchase last month with a Chattel Mortgage, so this is exactly what I was looking for.


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Xero (NZX: XRO ) is an online accounting software product for small and medium-sized businesses, as well as for personal finance. With MYOB LiveAccounts you can manage your business from anywhere you can access the internet. The government is considering the possibility of exempting the Goods and Services Tax (GST) from the purchase of RON 95 petrol and diesel, according to a Bernama report.
Deputy finance minister Datuk Seri Ahmad Maslan said that this is because at present, the two fuel commodities are exempt from sales tax at rates of 58.62 sen a litre and 40 sen a litre, respectively. The subsidisation and sales tax-exemption of fuel is a huge cost to the government, he said, adding that the government has not officially decided yet if GST will be imposed on the purchase of fuel. He explained that the breakdown of total petroleum subsidies from 2000 to 2014 were 50% for petrol, 40% for diesel and 10% for liquefied petroleum gas (LPG). While most dream of the future, Jonathan Tan dreams of the past, although he's never been there.
For the government and cronies to enjoy Bentley, Lambo, Malaysian tax payers have to die poor.
Dont comment if u do not sure, u end up giving false info to others who might also dont bother to get the real truth. Bottomline, if u are a manufacture or wholeseller, u will be scared to increase ur profit margin because gov will know ur actual profit. If the government does not spend too much money on unnecessary items (purchase of items above value, bribery, unnecessary events etc), these subsidies and tax exemption is not a huge cost to the government.


Of course it has to be GST free for patrol, WTH…isn’t we get enough for inflation? I’m no economist but why don’t gov just subsidise RON 97 and abolish RON 95 since the price are not much difference?
Kindly note that this promotion only applies if the car is purchased from #mybestcardealer. In most instances a Chattel Mortgage can be 100% financed (including GST) or with an optional deposit.
As you make the payments (Spend Money) against the loan you will record a split transaction, allocating back against the loan, amortizing the liability (making it smaller) and the balance written off against the Interest Expense Account. The newly-introduced GST on fees and interest will be payable upon settlement of the agreement, and can either be added to the loan or paid up-front. Fantasises much too often about cruising down Treacher Road (Jalan Sultan Ismail) in a Triumph Stag that actually works, and hopes this stint here will snap him back to present reality.
I have to think many times if I want to buy a used car like Mitsubishi Evo, Honda Civic Type R, Suzuki Swift Sport, etc. But still I prefer if the gov float RON95 and diesel and reduce the excise duty on cars to be fair.



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