We have more or less a week left before the 6% Goods and Services Tax (GST) hits Malaysia!
Dun dun dunnn~
You’d better stock up on these 9 major things if you want to save some money!
Psst… You might also be interested in our other article where we give you 7 ideas in making extra money on the side.
1. Food
Especially the kind that has a longer shelf life - biscuits, cooking oil, canned food, honey, Milo, bihun, etc.
2. Stationaries
Because you can never have enough pens and highlighters.
3. Books
All books (eg: fiction) except for dictionaries, encyclopaedias, and text, reference, work, and religious books will also be imposed 6% GST, so stock up now!
4. Beauty products and services
Stuff your make-up bags and buy your facial/massage packages now.
5. Clothes
Tops, bottoms, outerwear, underwear – whatever you wear.
6.Household Items
Air freshener, detergent, shaver, sanitary napkins, tissue, toilet paper, towel, mosquito repellent, etc. Time to hit your nearest supermarket!
7. Medication
Yes, even your fever reducing patches will be taxed 6%.
8. Toys and Games
Your other option would be to stick to toys and games on which you’ll spend little or no money at all – Batu Seremban, Congkak, hopscotch, Galah Panjang, hide-and-seek, Lastik, etc.
9. Pet Stuff
Toys, food, collars, leashes *or consider getting a virtual pet instead*
Wow! With all these impending price hikes, you’d probably need to earn/save more money.
Check out our 3 tips to getting more money in the bank and 7 ways to earning money through legit side jobs. They might come in handy
I’ve also provided links to some helpful guides to the 6% GST, which were created by the Royal Malaysian Customs:
- Guide On Sundry Goods
- Guide On The Entertainment Industry
- GST Exempt Supply List - “…a supply which is not subject to GST” (Royal Malaysian Customs, 2013, p.11)
- GST Zero-Rated Supply List - “…a taxable supply, which is subject to a rate of zero percent” (Royal Malaysian Customs, 2013, p.11)
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