#988新闻线 ｜2025年财案出炉，首相安华宣布，政府计划2025年中，落实针对式RON95补贴。
安华说，SST征税范围将扩大，包括三文鱼牛油果等优质进口产品需征税。
稍后8pm，我们请来税务专家周德谦为你解析2025年财案，新闻线后继续留守2025年财政预算案特备。
主播： #芷莹 #馨蕊
安华说，SST征税范围将扩大，包括三文鱼牛油果等优质进口产品需征税。
稍后8pm，我们请来税务专家周德谦为你解析2025年财案，新闻线后继续留守2025年财政预算案特备。
主播： #芷莹 #馨蕊
Category
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NewsTranscript
00:00:00Let's take a look at today's headlines.
00:00:5285% of the people have no influence.
00:00:57That's right. Prime Minister An Wa promoted the 2025 fiscal budget in Congress today.
00:01:02Although the government is determined to gradually reduce the fiscal deficit,
00:01:06it still continues to expand the expenditure of the fiscal budget.
00:01:09So this fiscal budget for 2025, which is the theme of revitalizing the economy, promoting reform, and benefiting the people,
00:01:16plans to allocate as much as $421 billion as ever.
00:01:21Last year, when the 2024 fiscal budget was announced, it was said to be the highest.
00:01:26It is $39.38 billion.
00:01:29So let's take a look at the details of this budget,
00:01:33including the RON95 gasoline that everyone is concerned about.
00:01:37Is there a comprehensive subsidy?
00:01:39This is a key point that everyone is concerned about.
00:01:42The government will continue to provide a comprehensive subsidy for RON95 gasoline until the end of 2025.
00:01:48And after that, the RON95 subsidy will be implemented.
00:01:52So the government's plan for next year is to implement the RON95 subsidy.
00:01:58However, Prime Minister An Wa emphasized that the government will continue to provide gasoline subsidies for the majority of the people.
00:02:03So 85% of the people should not be affected.
00:02:08But he mentioned one thing.
00:02:11Foreigners and the richest 15% of consumers
00:02:15own 40% of RON95 gasoline subsidies.
00:02:19In fact, this part is up to $8 billion.
00:02:22He also mentioned that subsidies should not be used by super-rich people like charity.
00:02:27Therefore, the government needs to adopt a specific subsidy method to reduce huge subsidies.
00:02:33At the same time, subsidies will be used elsewhere.
00:02:36In 2025, the government will significantly increase the subsidy of RAMA cash aid, SDR, and basic aid, SARA.
00:02:44The subsidy will increase from RON110 to RON131.
00:02:47This subsidy will bring together 9 million beneficiaries.
00:02:51It also accounts for 60% of the national adult population.
00:02:54So starting tomorrow, 4.1 million family beneficiaries will receive RON100 SARA every month.
00:02:59And this year's beneficiaries are about 700,000 people.
00:03:03Here is an important point to note.
00:03:05SARA subsidies will be directly deposited into the MyCard of beneficiaries in April 2025.
00:03:12This money can be used to buy basic goods in more than 600 supermarkets and retail stores around the country.
00:03:18For example, food, beverage, medicine, learning supplies, and personal hygiene products.
00:03:24Single people can receive RON600 SDR.
00:03:28At the same time, the government provides RON31 in addition.
00:03:31At the moment, families can receive a maximum of RON4,600.
00:03:36Before that, it was RON3,700.
00:03:39In addition, through the Social Welfare Bureau, JKM,
00:03:42the monthly welfare assistance provided to the poor will also be increased.
00:03:46The pension of the elderly will increase from RON500 to RON600 every month.
00:03:52The pension of children under the age of six will increase from RON200 to RON250.
00:03:58The pension of children between the ages of 7 and 18 will increase from RON150 to RON200.
00:04:03The maximum pension for families is RON1,000.
00:04:06If we calculate the overall SDR, SARA, and JKM assistance,
00:04:11a family with three children can receive a pension of more than RON13,000 every year.
00:04:17Compared with the current RON11,000, there is a significant increase.
00:04:21This means that in Malaysia, no one's income is lower than RON1,100 per month.
00:04:26In addition, there is no assistance from the state government or other foundations.
00:04:30So it means that if we include others, there may be more.
00:04:33What we just said is the assistance we can get.
00:04:36Let's take a look at the tax we need.
00:04:38The government will gradually implement the sales and service tax, which is SST.
00:04:42It says that basic goods used by the people will not receive SST,
00:04:46but this tax will be for non-necessities.
00:04:50For example, it clearly and specifically mentions
00:04:53salmon and avocado, etc.
00:04:57But these prices are not cheap.
00:04:59I was surprised when I saw this.
00:05:02Because I ate avocado this morning.
00:05:04I can't eat it anymore.
00:05:05Will it be more expensive in the future?
00:05:06At the same time, the SST tax range is also expanded to include business services,
00:05:11including payment financial services, etc.
00:05:14The government also plans to raise the sugar drink tax to RON40 per liter from January 1, 2025.
00:05:21In order to fully implement e-invoice,
00:05:24the government plans to provide subsidies to accelerate capital in July 1, 2025,
00:05:28for the purchase of ICT equipment, computer software,
00:05:32as well as consultancy fees.
00:05:37It is allowed to announce the full amount within two years.
00:05:40At the same time, the government will allocate RON4 billion as a loan to small and medium-sized enterprises.
00:05:47The core of digital transformation is MyDigitalID.
00:05:52It is very similar to an ID card.
00:05:54MyDigitalID is a single application program that integrates all government agencies,
00:05:58including Padoo, JPG, and LHDN, etc.
00:06:01So the government will strive to improve the function and user experience of MyDigitalID.
00:06:06I hope it won't happen again.
00:06:09The government also agrees to continue to strengthen the service of UTC, the city transformation center.
00:06:14The work time of JPG will be extended by one hour.
00:06:18The government will also build a new UTC in Weisheng, Bincheng.
00:06:21At the same time, it will expand the use of the queue management system in all UTCs.
00:06:26In addition, the government also approved the construction of Roubo Forest City as a free island
00:06:31to promote local development, tourism, and finance.
00:06:34As for Pengheng, isn't there a Xitu factory?
00:06:37Anhua said that the federal government will cooperate with countries like China and Australia
00:06:42to support the development of the Xitu industry.
00:06:45As a preliminary measure, the government suggested that the 1994 Mineral Development Act be amended
00:06:51and a map of the potential of Xitu minerals should be drawn up in a global scale.
00:06:55Today, Anhua announced the forerunner of the 2025 fiscal budget case.
00:06:59In fact, it was mentioned in the continuation of the 2025 economic outlook report.
00:07:03With the promotion of the super-economy framework,
00:07:05Anhua has successfully overcome many uncertainties in 2024.
00:07:09It is expected that the annual economic growth rate will remain between 4.8% and 5.3%.
00:07:16In 2025, it is expected to grow further to 4.5% to 5.5%.
00:07:21At the same time, it is expected that the fiscal index in 2024 will shrink to 4.3% of GDP
00:07:26and improve further to 3% in the midterm.
00:07:29It is also expected that the federal government will collect more tax revenue in 2025.
00:07:34Direct tax revenue is expected to rise from 6.6% to 1,888 billion RMB.
00:07:41Among them, corporate tax revenue is still the largest contribution,
00:07:43and is expected to reach 1,065 billion RMB.
00:07:46Personal tax revenue is expected to be 4.4 billion RMB.
00:07:51However, Anhua also mentioned that the government continues to bear the burden of accumulation.
00:07:56Last year's debt was as high as 1.2 trillion RMB, or 64% of GDP.
00:08:02If added to the debt, it will exceed 1.5 trillion RMB, or 80% of GDP.
00:08:07This also means that if the government collects 1 RMB tax every month,
00:08:1216% of it will be used to pay the interest on debt.
00:08:16This does not include capital.
00:08:18The interesting thing about this case is that Anhua also showed off Chinese when proposing the 2025 fiscal budget.
00:08:24She also said that Confucius' famous saying,
00:08:27过而不改是为过哀,
00:08:30means that when the government implements fiscal policy,
00:08:33it must not make the same mistake again and again.
00:08:35She said that the government must take bold steps to correct past mistakes,
00:08:39including stopping a large amount of expenditure,
00:08:41such as taking targeted subsidies.
00:08:43Such a speech won the warm applause and praise of the members present.
00:08:53We've heard a lot of content.
00:08:54I think everyone needs some time to digest it.
00:08:56Now, let's talk about what Anhua has just announced.
00:09:01This is a key point that everyone is very concerned about.
00:09:03The government plans to implement round 95 targeted subsidies by the end of 2025.
00:09:07From this time on, there will be no comprehensive subsidies.
00:09:10What do you think of this opportunity?
00:09:12If you think this opportunity is suitable,
00:09:14sooner or later, anyway, sooner or later it will be implemented,
00:09:16at least there will be a buffer period,
00:09:18you can choose the option of LOF.
00:09:20If you think this opportunity is not suitable,
00:09:22because of the great pressure of life,
00:09:24you should postpone it a little longer,
00:09:26you can choose the option of SET.
00:09:28You can also leave a message below to tell us
00:09:30when you think the appropriate time is.
00:09:33We will continue to see how everyone's voting is going.
00:09:36And when the song comes back,
00:09:38we will continue to talk to you about the content of the bill,
00:09:40including what everyone is concerned about.
00:09:42What has been added to the tax exemption part this time?
00:09:45Or is there anything new?
00:09:47Let's talk more later.
00:09:51988 News Line
00:09:54Welcome to 988 News Line.
00:09:55Hello, I'm Cindy.
00:09:56I'm Zhiying.
00:09:57The Prime Minister announced the fiscal budget for 2025 today,
00:10:00so now we will continue to bring you to pay attention to the content.
00:10:03Before that, I would like to remind everyone that
00:10:05we will directly enter the special part later.
00:10:07So in the part of Facebook Live,
00:10:09everyone can continue to stay.
00:10:10Because after we finish here,
00:10:12we will immediately enter the special part
00:10:14in the same video.
00:10:16So everyone must continue to stay.
00:10:18Let's talk about the tax exemption part that everyone is most concerned about.
00:10:21The Prime Minister announced that
00:10:22participating in the National Education Savings Plan,
00:10:25which is the taxpayer's personal income tax exemption discount,
00:10:29will be extended to 2027.
00:10:32The National Education Savings Plan, SSPN,
00:10:34currently has a maximum personal income tax of 8,000 RMB.
00:10:38Development of digital technology, artificial intelligence,
00:10:40robots, Internet of Things,
00:10:42and data science, financial technology,
00:10:44and永續發展技術的私人大專院校
00:10:48will receive a special tax exemption.
00:10:50In addition, the government will also extend the tax exemption
00:10:53of RMB 3,000 per year for the private pension plan
00:10:55to 2030.
00:10:57The previous tax exemption deadline is 2025.
00:11:01He also revealed that the Public Fund Bureau
00:11:04allows members to transfer part of their savings
00:11:06directly to their relatives.
00:11:08For the protection of education insurance and medical insurance,
00:11:12the personal income tax exemption will be increased to RMB 4,000.
00:11:15The Prime Minister said that
00:11:16the personal income tax exemption
00:11:17can reach up to RMB 10,000 for medical expenses,
00:11:21including the medical expenses paid by taxpayers
00:11:23under medical insurance and health insurance products.
00:11:28At the same time, the government also plans to expand
00:11:29the tax exemption of personal income tax on medical expenses,
00:11:32including the cost of disease screening,
00:11:34health inspection, equipment purchase,
00:11:36and disease test kit
00:11:38to promote self-protection.
00:11:40In order to encourage the purchase group,
00:11:42the government plans to pay the house loan interest
00:11:44to provide a maximum of RMB 7,000
00:11:46for the personal income tax exemption.
00:11:48To provide a maximum of RMB 7,000
00:11:50for housing that does not exceed RMB 500,000,
00:11:53and to provide a maximum of RMB 5,000
00:11:55for housing that exceeds RMB 500,000 to RMB 750,000.
00:11:59In addition, in order to help parents
00:12:01continue to receive child education services
00:12:03and children's care,
00:12:04the personal income tax exemption
00:12:06for TASCA and TADICA kindergartens
00:12:09will be extended to 2027.
00:12:11At the same time,
00:12:12in order to reduce the burden of treatment
00:12:14and recovery costs for autistic children,
00:12:16the government will increase the amount
00:12:18of the relevant tax exemption
00:12:20from RMB 4,000 to RMB 6,000.
00:12:23Wang also said that the government
00:12:25will recommend re-examining
00:12:27the personal income tax exemption
00:12:29related to sports and health care
00:12:31to ensure the welfare and care of the elderly,
00:12:33including the tax exemption
00:12:35for parents' comprehensive medical expenses
00:12:37will be expanded to cover
00:12:39the cost of vaccination.
00:12:41Secondly,
00:12:42the tax exemption for sports equipment
00:12:44and activities will be extended to parents.
00:12:46Thirdly,
00:12:47the tax exemption for parents' medical expenses
00:12:49will be extended to grandparents.
00:12:51Fourthly,
00:12:52the personal income tax exemption
00:12:54for children's health care
00:12:56will be extended to cover the elderly,
00:12:58including parents and grandparents.
00:13:00This range has expanded a lot.
00:13:02Fifthly,
00:13:03the additional tax exemption
00:13:05for disabled people
00:13:07will be extended to cover the elderly,
00:13:09including parents and grandparents.
00:13:12Next,
00:13:13what are the benefits of disabled people
00:13:15that everyone is concerned about?
00:13:17The government will use the following suggestions
00:13:19to reduce the tax burden on disabled people,
00:13:21including an additional tax exemption
00:13:23for disabled people up to RMB 7,000,
00:13:25an additional tax exemption for disabled couples
00:13:27up to RMB 6,000,
00:13:29and an additional tax exemption
00:13:31for disabled people with unmarried children
00:13:33up to RMB 8,000.
00:13:35For those who want to get a refund,
00:13:37there are also transportation tools.
00:13:39According to the government,
00:13:41people who buy electric motorcycles
00:13:43can get a refund of RMB 2,400 next year.
00:13:45In addition,
00:13:46the price of the first electric car
00:13:48of the second domestic car,
00:13:50Bordeaux,
00:13:51will be under RMB 100,000,
00:13:53and the clean energy plan
00:13:55will be extended to June 30, 2025.
00:13:57One of the key points of this tax case
00:13:59is that the new policy
00:14:01will be implemented in full next year.
00:14:03The government agreed to
00:14:05increase the minimum wage
00:14:07from RMB 1,500
00:14:09to RMB 1,700 per month
00:14:11from February 1, 2025.
00:14:13At the same time,
00:14:15the government also decided
00:14:17to postpone the implementation
00:14:19of the minimum wage of RMB 1,700
00:14:21for six months
00:14:23from August 1, 2025
00:14:25to those employees
00:14:27with fewer than five employees.
00:14:29The minimum wage
00:14:31for mechanical engineers
00:14:33is RMB 2,290
00:14:35for mechanical engineers
00:14:37is RMB 3,380.
00:14:39For creative content designers,
00:14:41the minimum wage
00:14:43is RMB 2,985.
00:14:45At least you know
00:14:47how it started.
00:14:49The government also said
00:14:51that the new policy
00:14:53is a measure taken
00:14:55to reform the labor market
00:14:57and increase the minimum wage
00:14:59from RMB 1,700
00:15:01to RMB 2,980
00:15:03for those employees
00:15:05with fewer than five employees.
00:15:07In order to encourage more
00:15:09self-employed people
00:15:11who have no fixed income
00:15:13in the non-regulatory field,
00:15:15their retirement pension
00:15:17and the ISR plan
00:15:19under the EPF
00:15:21will be increased
00:15:23from 15% to 20%.
00:15:25The IDIGAT plan
00:15:27provided by 70 partners
00:15:29has helped more than 8,000
00:15:31low-income micro-entrepreneurs.
00:15:33Next year, the government
00:15:35will allocate RMB 20 million
00:15:37as a paid bonus.
00:15:39The RMB 5 million
00:15:41will be used to provide
00:15:43insurance for micro-entrepreneurs
00:15:45or Islamic insurance.
00:15:47This will match
00:15:49the insurance companies
00:15:51and Islamic insurance operators
00:15:53as well as food suppliers.
00:15:55People who have lost their crops
00:15:57due to disasters
00:15:59will have a guaranteed income.
00:16:01Next, let's talk about education.
00:16:03The Ministry of Education
00:16:05received the highest amount
00:16:07of funding in history,
00:16:09RMB 64.1 billion,
00:16:11which is higher than
00:16:13RMB 58.7 billion this year.
00:16:15The R&D funding
00:16:17will be increased
00:16:19to RMB 8.7 billion,
00:16:21which will be allocated
00:16:23to more than 860,000 students
00:16:25and local food suppliers.
00:16:27In addition,
00:16:29RMB 800 million
00:16:31will be allocated
00:16:33to all 5.2 million
00:16:35students from 1st grade
00:16:37to 5th grade,
00:16:39regardless of their parents' income.
00:16:41What announcement
00:16:43will the government make
00:16:45about the recent natural disasters?
00:16:47The National Disaster Management Agency
00:16:49announced that
00:16:51the government will allocate
00:16:53RMB 8.7 billion
00:16:55to deal with natural disasters.
00:16:57It said it will allocate
00:16:59more than RMB 300 million
00:17:01to deal with natural disasters.
00:17:03It also said that
00:17:05local governments
00:17:07and urban residents
00:17:09must work together
00:17:11to clean up the drainage
00:17:13and ditches
00:17:15to avoid natural disasters.
00:17:17Many people wonder
00:17:19when the government
00:17:21will implement
00:17:23the R&D funding.
00:17:25However, the government
00:17:27has made it clear
00:17:29that it will implement
00:17:31the R&D funding
00:17:33at the end of 2025.
00:17:35What do you think about the timing?
00:17:37More than half,
00:17:39which is 57%,
00:17:41think it is a good timing.
00:17:43The R&D funding
00:17:45should be postponed
00:17:47until the end of next year.
00:17:49The other 43%
00:17:51think it is not a good timing
00:17:53because they feel
00:17:55the pressure of life.
00:17:57If you have any questions
00:17:59or thoughts,
00:18:01please leave them
00:18:03in the comment section.
00:18:05You can ask
00:18:07our tax expert
00:18:09Zhou Deqian
00:18:11about your questions.
00:18:13Don't leave
00:18:15our Facebook Live
00:18:17because the same live
00:18:19will be held
00:18:21in 2025.
00:18:23Please leave your seat
00:18:25to Shu Ting and Jiang Hong.
00:18:43We are now in the Facebook Live.
00:18:45We have just
00:18:47organized many questions
00:18:49for you.
00:18:51You may have heard
00:18:53some of them.
00:18:55Yes,
00:18:57it is too fast.
00:18:59We have just
00:19:01organized many questions
00:19:03for you.
00:19:05You may have heard
00:19:07some of them.
00:19:09Yes,
00:19:11it is too fast.
00:19:13Why do you suddenly want to sing?
00:19:15It is too fast.
00:19:17It is okay.
00:19:19Our tax expert
00:19:21Zhou Deqian
00:19:23will talk about
00:19:25what you should pay attention to.
00:19:27Can you give the camera to Zen?
00:19:29I should look over there.
00:19:31Where is it?
00:19:33Wait a minute.
00:19:35You can also
00:19:37leave your questions
00:19:39to Zhou Deqian.
00:19:41You can leave your questions
00:19:43to Zhou Deqian.
00:19:45Zen is our old friend.
00:19:47He is familiar with the
00:19:49mode of the show.
00:19:51He has been a guest
00:19:53for 2 or 3 years.
00:19:55He has been a guest
00:19:57for 2 or 3 years.
00:19:59He has been a guest
00:20:01for 2 or 3 years.
00:20:03He has been a guest
00:20:05for 2 or 3 years.
00:20:07Next,
00:20:09we will talk to you
00:20:11at 8 o'clock.
00:20:13We will talk to you
00:20:15at 8 o'clock.
00:20:17What is your first impression
00:20:19of Zen?
00:20:21My first impression
00:20:23is that he is
00:20:25beyond my expectation.
00:20:27As I mentioned earlier,
00:20:29many people have been asking
00:20:31if there will be
00:20:33inheritance tax.
00:20:35Is it the best time
00:20:37to announce the GST?
00:20:39I have been saying,
00:20:41it's impossible.
00:20:43So, it's not true.
00:20:45We did not mention
00:20:47any inheritance tax
00:20:49or tax invoicing.
00:20:51In my opinion,
00:20:53because the government
00:20:55needs to raise their income,
00:20:57they have to increase their
00:20:59income from
00:21:01different angles.
00:21:03We can talk about the dividend tax later, I think that's the biggest news.
00:21:13When the dividend tax rate came out, the stock market was in a bit of a tumble and then it came back up again.
00:21:20So for you, is this chart considered sweet?
00:21:25It depends on which class you are in.
00:21:27If you say you are a rich man, you might not think it's sweet.
00:21:32Because of the dividend tax I mentioned earlier.
00:21:35Rich people invest a lot in stocks.
00:21:40They invest in different companies.
00:21:42So their dividend income is actually quite high.
00:21:46If you want to give them more tax, it might not be a good thing for them.
00:21:50But for the general public, it's actually not bad.
00:21:56We can talk about the tax reduction later.
00:22:00The tax reduction has a lot of benefits for taxpayers.
00:22:07So it's a good thing for workers and taxpayers in general.
00:22:14We talked about finance before.
00:22:16We tend to ignore the M40 part.
00:22:18It seems that everyone feels that it's not bad this time.
00:22:22It's not bad.
00:22:23What do you see in the B40 group?
00:22:26B40 is not particularly targeted.
00:22:30Of course, they are still giving them aid.
00:22:34It's still improving.
00:22:35It's been improving every year.
00:22:38But this time, it's not really targeted at B40.
00:22:46Because we know that if they increase the reduction part,
00:22:50it's often targeted at M40.
00:22:52Because only M40 has the money to spend,
00:22:55and the tax is high,
00:22:57so it will have an impact on them.
00:22:59B40 may not even have to pay,
00:23:00so it's no use for you to give me a reduction.
00:23:02I understand.
00:23:03But compared to their dividend income,
00:23:05I don't think it's as much as before.
00:23:07Yes, it's not as much as before.
00:23:10So it's not very sweet, Yu Shan'an.
00:23:12For T20, it's bitter.
00:23:15It seems to be like this every year.
00:23:17It's like this every year.
00:23:19Anhua keeps talking about it.
00:23:21But I do think it's a part that has been appreciated by the people.
00:23:27This is quite worth looking forward to.
00:23:29What is the point of this proposal?
00:23:31What is the focus of the people?
00:23:33We will talk to you about it later.
00:23:35At this time,
00:23:36let's quickly share the special content of our proposal.
00:23:39I take a look at it like this.
00:23:40It seems that many people are very concerned about the topic of round 95.
00:23:43And there is also a loan.
00:23:45After all, the sound of the wind is really loud.
00:23:47Round 95 subsidies.
00:23:48From the sound of the wind to now,
00:23:50it's really implemented.
00:23:51Will round 95 keep up with this pace?
00:23:53I'm also looking forward to it.
00:23:54Because the whole team is subsidizing.
00:23:56It was originally part of the government's plan.
00:23:58Then after the subsidies,
00:24:00everyone is waiting for the next step.
00:24:02It's round 95.
00:24:03So this time there may not be too much announcement.
00:24:05But everyone can look forward to it.
00:24:07We will analyze this part with you later.
00:24:10So remember to share this video now.
00:24:13We still have three minutes.
00:24:16The special content of our proposal will come in.
00:24:19If you are listening to this proposal,
00:24:21you can also take out a pen and paper.
00:24:23We will talk about many points later.
00:24:24You can write it down first.
00:24:26Do you still use a pen and paper now?
00:24:27Use your mobile phone.
00:24:29I want to say that you may have to listen to our live broadcast on your mobile phone.
00:24:33Right.
00:24:34It can also be recorded while listening.
00:24:36If you have any points or can record it,
00:24:38you can also write it down in the instant message below this Now Vote.
00:24:42So everyone can help you see the focus and record what this content is.
00:24:47We have a message area.
00:24:49You can listen to our live broadcast while hitting the focus in the message area.
00:24:53You can also send it out.
00:24:54Some of our listeners may be friends of OKU.
00:24:57So if there are some related topics,
00:25:02if it's about disadvantaged groups,
00:25:04you can also share it with everyone.
00:25:09Are there any other topics that everyone pays attention to?
00:25:12Although there is no implementation of GST,
00:25:14everyone may be surprised.
00:25:16But Anhua said a few days ago that it would not be implemented.
00:25:18Yes, it won't.
00:25:19In fact, there have always been people calling for the restart of GST.
00:25:22But Anhua clarified it early on.
00:25:24Like Lafayette also said that there would be no GST this time.
00:25:28Yes.
00:25:29So which aspect of the government will make up for the lack of taxation?
00:25:33Zen may only talk to us about this.
00:25:36There are many topics to talk about.
00:25:37Can we say that every year,
00:25:39the taxation is creating historical highs?
00:25:43It seems to be like this.
00:25:45Because of the inflation rate.
00:25:46Yes, definitely.
00:25:47So every year is higher than the previous year.
00:25:50This year has already broken through the four-digit mark.
00:25:53Although this year's taxation is different from last year's taxation,
00:26:00compared to this year and last year,
00:26:01do you think last year was still...
00:26:03I don't remember what happened last year.
00:26:07But if you ask me,
00:26:09last year's tax was the highest.
00:26:12I remember it was SST, right?
00:26:146% to 8%.
00:26:15That's not bad.
00:26:16Actually, last year,
00:26:19because of the impact of SST,
00:26:21the impact was greater.
00:26:23Because everyone will be affected.
00:26:25But this time,
00:26:26if you talk about the tax on the stock market,
00:26:28it is also targeted at the rich.
00:26:30Of course, the SST this time will also be slightly adjusted.
00:26:34But we don't know how much it will be adjusted.
00:26:36We don't know yet.
00:26:37We don't know what kind of items it will target to increase its SST.
00:26:42So for the time being,
00:26:43it doesn't seem to have much negative impact.
00:26:48We can predict what items Zen will receive.
00:26:51What will he write?
00:26:52We'll be in in 9 seconds.
00:27:04Sponsored by Maxis Business.
00:27:07Hello, I'm Stephanie.
00:27:09Hello, I'm Zhang Hong.
00:27:10We also have a special guest in 988.
00:27:14Our tax expert, Zen Zhou Deqian.
00:27:16Hello, old friend.
00:27:17Welcome back.
00:27:18Hello, everyone.
00:27:19I really want to use the word welcome back.
00:27:21Of course, today's proposal,
00:27:22besides us,
00:27:23we also want to thank Maxis Malaysia
00:27:25for giving us the content of this proposal.
00:27:27That's right.
00:27:28Next, let's talk about the content of this proposal.
00:27:30Zen, did you feel
00:27:33because the title of our proposal is
00:27:35revitalizing the economy, promoting reform,
00:27:37and benefiting the people.
00:27:38Do you think you have achieved such a goal?
00:27:40The last sentence,
00:27:41benefiting the people,
00:27:42I think I have.
00:27:43I think I have.
00:27:44Because maybe later we will definitely talk about
00:27:46the part about reduction.
00:27:48In fact, this time it made me feel
00:27:50that it's really a good thing.
00:27:52The government reduced taxes,
00:27:54which is the tax reduction of individual taxpayers.
00:27:56Many things may be increased,
00:27:59increased,
00:28:00and expanded the scope.
00:28:02So these things can be said to be
00:28:04things that benefit the people.
00:28:06Of course, there are also
00:28:09tax increases,
00:28:11which can also be discussed.
00:28:13But the part about tax increases
00:28:14is actually aimed at
00:28:16the richer rich.
00:28:18Only the richer rich will be affected.
00:28:21If you talk about Huduo Dazhong,
00:28:22M40, B40,
00:28:24the impact should not be very big.
00:28:26We are quite curious about the reduction part
00:28:28you just mentioned.
00:28:29What is the detailed reduction
00:28:31that makes people feel
00:28:32wow, I am really benefited.
00:28:34Maybe I will talk about the first thing first.
00:28:37In fact, I have been talking about this thing
00:28:39for several years.
00:28:40I have been talking about this for several years.
00:28:43Because many people may not know this thing.
00:28:45We know that every year
00:28:47when we buy medical insurance
00:28:49or educational insurance,
00:28:50we can get up to 3,000 RMB discount.
00:28:52But do you know
00:28:53that this 3,000 RMB discount
00:28:55has not changed for 24 years.
00:28:58That is to say, 24 years ago,
00:29:00medical insurance and educational insurance
00:29:02can get up to 3,000 RMB discount.
00:29:04So today, 24 years later,
00:29:06still 3,000 RMB?
00:29:07No, it has increased.
00:29:08Today, 24 years later,
00:29:09it has increased to 4,000 RMB.
00:29:11Although it has not improved much,
00:29:13but at least they can see
00:29:15that we know that insurance money
00:29:17is adjusted with our income.
00:29:22So if you say that 24 years ago,
00:29:243,000 RMB,
00:29:25this year 3,000 RMB
00:29:26can buy how much insurance?
00:29:28So if it really improves,
00:29:29it is also a good thing.
00:29:30So from 3,000 RMB to 4,000 RMB,
00:29:33I believe many people
00:29:35should buy insurance
00:29:37for more than 4,000 RMB
00:29:38to save more tax.
00:29:40Yes.
00:29:41We just talked about
00:29:42medical insurance.
00:29:43The cost of medical expenses
00:29:45is now 10,000 RMB.
00:29:47Specifically, what kind of content
00:29:48has it adjusted?
00:29:49Including how much
00:29:50the range of deductible tax
00:29:51is involved.
00:29:52Yes.
00:29:53In fact, that 10,000 RMB,
00:29:54many people may not know
00:29:55what that 10,000 RMB discount is.
00:29:57So we know
00:29:58that if you have a serious disease
00:30:01or do some fertility treatment,
00:30:03these expenses
00:30:05can get up to
00:30:0610,000 RMB discount.
00:30:07But this time
00:30:08in this 10,000 RMB discount,
00:30:10what is it adjusted for?
00:30:11In fact, there is a 1,000 RMB
00:30:13in 10,000 RMB
00:30:14that allows you to do a physical examination
00:30:16to get a discount.
00:30:17But this physical examination,
00:30:19we always say
00:30:20that you must do
00:30:21a complete physical examination.
00:30:23It can't just
00:30:24go to blood test or urine test.
00:30:26That is not allowed.
00:30:27But this budget
00:30:28finally says
00:30:29this 1,000 RMB
00:30:30even if you say
00:30:31I just go to the blood test,
00:30:33it's okay.
00:30:34You can get a discount.
00:30:35For example,
00:30:36I go to do a ultrasound.
00:30:37It's also okay.
00:30:38Including you say
00:30:39I go to buy
00:30:40a thermometer.
00:30:41Yes, a thermometer.
00:30:42A thermometer.
00:30:43A thermometer.
00:30:44Or you can buy
00:30:45a flu-resistant thermometer.
00:30:46In the past,
00:30:47you could only buy
00:30:48a closed-loop thermometer.
00:30:49Now you can buy
00:30:50a flu-resistant thermometer.
00:30:51So these things
00:30:52make it easier for us
00:30:53to get this
00:30:541,000 RMB discount.
00:30:55So it's also
00:30:56to prevent us
00:30:57from getting
00:30:58any diseases.
00:30:59So it encourages us
00:31:00to do more physical examinations.
00:31:02To live healthier.
00:31:03This is also the government's goal.
00:31:05This seems to be
00:31:06a key point in this case.
00:31:07Yes.
00:31:08And in this
00:31:091,000 RMB,
00:31:10the budget
00:31:11just now
00:31:12mentioned
00:31:13that
00:31:14there is
00:31:15another 4,000 RMB
00:31:16for those
00:31:17children
00:31:18who have
00:31:19learning disabilities.
00:31:20If you want to
00:31:21send them to treatment,
00:31:22you can get 4,000 RMB.
00:31:23There is a 4,000 RMB
00:31:24discount in this 1,000 RMB.
00:31:25They also increased
00:31:26this to 6,000 RMB.
00:31:27So for those
00:31:28children who have
00:31:29learning disabilities
00:31:30and they want to
00:31:31send them to treatment,
00:31:32they can still get
00:31:33a 6,000 RMB discount.
00:31:34So there are
00:31:35some parents
00:31:36who may have
00:31:37children with autism
00:31:38who may pay
00:31:39attention to this
00:31:40discount.
00:31:41In addition to this,
00:31:42we also see
00:31:43that there are
00:31:44some areas
00:31:45for parents
00:31:46to get a discount.
00:31:47Yes.
00:31:48This is very good.
00:31:49I think this time
00:31:50the government
00:31:51seems to want
00:31:52the people
00:31:53to take care of their parents.
00:31:54They want to take care
00:31:55of their grandparents.
00:31:56Really, really.
00:31:57Why do I say this?
00:31:58Because we know
00:31:59that before,
00:32:00for example,
00:32:01if our parents
00:32:02went to see a doctor,
00:32:03this kind of thing
00:32:04can be exempted.
00:32:05Their medical expenses
00:32:06can be exempted.
00:32:07But
00:32:08vaccination is not exempted.
00:32:09Parents' vaccines
00:32:10are not exempted.
00:32:11But now,
00:32:12parents' vaccines
00:32:13can also be exempted.
00:32:14So I think
00:32:15this is a very good thing
00:32:16that will make
00:32:17our parents
00:32:18healthier.
00:32:19But I
00:32:20especially want to
00:32:21mention one thing
00:32:22that is also
00:32:23very important
00:32:24for parents.
00:32:25We say
00:32:26many times
00:32:27children
00:32:28we say
00:32:29taxpayers
00:32:30there are some
00:32:31taxpayers
00:32:32who may work
00:32:33in a group.
00:32:34We talk about
00:32:35working in a group.
00:32:36His company
00:32:37may give him
00:32:38a deposit.
00:32:39This deposit
00:32:40is usually given to him
00:32:41because you
00:32:42take care of your children.
00:32:43He gives you
00:32:44a child care allowance.
00:32:45This is a deposit
00:32:46for taking care
00:32:47of children.
00:32:48So actually
00:32:49so far
00:32:50we all know
00:32:51if your company
00:32:52has a child care allowance
00:32:53of up to $3,000
00:32:54a year
00:32:55if you have
00:32:56a child care allowance
00:32:57of up to $3,000
00:32:58you don't need to pay taxes.
00:32:59But the company
00:33:00can deduct taxes.
00:33:01But now
00:33:02what is the good thing?
00:33:03He said
00:33:04in addition to
00:33:05taking care of your children
00:33:06and taking the child care allowance
00:33:07from the company
00:33:08you can also
00:33:09take care of your parents
00:33:10and grandparents.
00:33:11In other words
00:33:12if you say
00:33:13I sent my parents
00:33:14to the nursing home
00:33:15or my grandparents
00:33:16to the nursing home
00:33:17the company
00:33:18will give you
00:33:19a deposit.
00:33:20Because you
00:33:22can also
00:33:23get a cut.
00:33:24This kind of
00:33:25allowance
00:33:26can also be cut.
00:33:27It's not super ok
00:33:28now.
00:33:29Parents
00:33:30and grandparents
00:33:31are all ok.
00:33:32Yes.
00:33:33And what he did
00:33:34better
00:33:35is that
00:33:36in addition to
00:33:37employees
00:33:38getting a cut
00:33:39if the company
00:33:40is willing to give
00:33:41because he encouraged
00:33:42the owner to give
00:33:43if the owner
00:33:44is willing to give
00:33:45this type of deposit
00:33:46the owner
00:33:47can not only
00:33:48deduct one tax
00:33:49but can deduct
00:33:50three thousand dollars
00:33:51because you said
00:33:52you want to take care
00:33:53of your children
00:33:54and your parents.
00:33:55If he gives three thousand dollars
00:33:56the company
00:33:57can deduct six thousand dollars.
00:33:58So this is
00:33:59I think
00:34:00I don't know how many wins
00:34:01two wins, three wins.
00:34:02The company can get
00:34:03a double tax deduction
00:34:04and employees
00:34:05don't need to pay taxes.
00:34:06So this is
00:34:07I think this time
00:34:08he did a very good job.
00:34:09It's no longer
00:34:10a win-win situation
00:34:11it's a double up
00:34:12win-win situation.
00:34:13Yes.
00:34:14So the children's deposit
00:34:15is actually separate
00:34:16from the parents' deposit
00:34:17right?
00:34:18Yes.
00:34:19We also talked about
00:34:20when we deduct taxes
00:34:21now you may pay
00:34:22maybe you have
00:34:23people to take care
00:34:24of your children
00:34:25it can be deducted.
00:34:26Is it now expanded
00:34:27to invite people
00:34:28to take care of your parents
00:34:29take care of your great-grandparents
00:34:30can also enjoy
00:34:31this deduction measure?
00:34:32In fact, this is already there.
00:34:34This is already there.
00:34:35In fact, if you say
00:34:36I have spent some money
00:34:38to invite people
00:34:39to take care of my parents
00:34:41or send him
00:34:42to some nursing homes.
00:34:44In fact, these are already
00:34:45in the scope
00:34:46of that interface.
00:34:47This is already there.
00:34:48OK.
00:34:49In addition to talking about
00:34:50this personal tax part
00:34:51just mentioned
00:34:52the tax on shares
00:34:54may also be very big
00:34:56for ZEN.
00:34:57Because just now
00:34:58it was all about
00:34:59benefiting the people
00:35:00now there may be
00:35:01some hardships to eat.
00:35:02Yes.
00:35:03This is what I said just now
00:35:04don't worry so much
00:35:06because many people
00:35:07may have heard the news
00:35:08today
00:35:09or heard it
00:35:10somewhere
00:35:11that there is
00:35:12an additional tax
00:35:13called dividend tax.
00:35:14What is that?
00:35:15Because many people
00:35:16may have heard
00:35:17that the tax on shares
00:35:18will be reduced in the future.
00:35:20Yes, it is true.
00:35:21That is to say
00:35:22if you receive shares
00:35:24generally
00:35:25we know
00:35:26that the tax system
00:35:27in Malaysia
00:35:28is called
00:35:29Single Tier Dividend
00:35:30Single Tier Dividend
00:35:31Single Tier Dividend
00:35:32system.
00:35:33If you explain
00:35:34a little more
00:35:35what Single Tier Dividend is
00:35:36in fact, it means
00:35:37that the company
00:35:38makes money
00:35:39and the company reduces taxes.
00:35:40After the company
00:35:41reduces taxes
00:35:42there is tax revenue.
00:35:43Tax revenue
00:35:44will be used
00:35:45to issue shares.
00:35:46So as shareholders
00:35:47we don't have to
00:35:48reduce taxes
00:35:49on shares
00:35:50because it is just
00:35:51that the company
00:35:52takes the tax
00:35:53and that's it.
00:35:54It is just Single Tier Dividend.
00:35:55But in the future
00:35:56it is no longer
00:35:57just Single Tier Dividend.
00:35:58That is to say
00:35:59if you are a shareholder
00:36:00and you have invested
00:36:01in a certain company
00:36:02and then
00:36:03it has issued shares
00:36:04to you
00:36:05although the shares
00:36:06have already been reduced
00:36:07have been reduced
00:36:08you receive the shares
00:36:09you still have to reduce
00:36:102% of the tax.
00:36:11OK, here comes the point.
00:36:12Is it to collect
00:36:13all the shareholders?
00:36:15Why did I just say
00:36:16don't worry so much?
00:36:17Because it really
00:36:18doesn't involve everyone.
00:36:19Why?
00:36:20It only involves the rich.
00:36:22What is a rich person?
00:36:23That is to say
00:36:24if your shares
00:36:25exceed 100,000 RMB
00:36:26in a year
00:36:27exceed 100,000 RMB
00:36:28in a year
00:36:29exceed 100,000 RMB
00:36:30Accumulate?
00:36:31Yes.
00:36:32Accumulate in a year
00:36:33exceed 100,000 RMB
00:36:34You see
00:36:35I have calculated
00:36:36the so-called
00:36:37exceeding 100,000 RMB
00:36:38how many shares
00:36:39should there be?
00:36:40How many shares
00:36:41worth?
00:36:42We use
00:36:43a very simple
00:36:44calculation
00:36:45to calculate
00:36:46Let's assume
00:36:47you invest in
00:36:48a blue stock
00:36:49a company
00:36:50that issues shares
00:36:51every year
00:36:52and we say
00:36:53give you 5%
00:36:54of shares
00:36:55every year
00:36:565% is very high
00:36:57actually for many
00:36:58blue stock
00:36:595% is very high
00:37:00so you calculate
00:37:01I want to get
00:37:02100,000 shares
00:37:03and this 100,000 shares
00:37:04is actually
00:37:05just a 5%
00:37:06dividend rate
00:37:075%
00:37:08in fact
00:37:09your share
00:37:10is worth 2 million
00:37:11so
00:37:12you need
00:37:13to have
00:37:142 million
00:37:15it's not that
00:37:162 million is enough
00:37:17I mean
00:37:18if I calculate like this
00:37:19at least
00:37:20you have
00:37:212 million shares
00:37:22worth 2 million shares
00:37:23and you get
00:37:245% of shares
00:37:25then you will
00:37:26have
00:37:272%
00:37:28dividend rate
00:37:29so if you say
00:37:30I am just
00:37:31an ordinary investor
00:37:32I don't invest
00:37:33so much money
00:37:34small investors
00:37:35don't need to worry
00:37:36and not all
00:37:37stocks
00:37:38have this
00:37:39as mentioned
00:37:40here
00:37:41for example
00:37:42if you put it
00:37:43in a public fund
00:37:44like Amarnath Share
00:37:45Hub National
00:37:46or any
00:37:47trust fund
00:37:48Unit Trust
00:37:49their shares
00:37:50will not
00:37:51have this
00:37:52dividend rate
00:37:53so it's not included
00:37:54it's not included
00:37:55so it's just
00:37:56an ordinary investor
00:37:57who may
00:37:58reach a certain threshold
00:37:59and will receive
00:38:00this kind of tax
00:38:01so after talking about
00:38:02personal tax
00:38:03and dividend rate
00:38:04we will come back
00:38:05next time
00:38:06to talk about
00:38:07other personal
00:38:08assistance
00:38:09or other content
00:38:10stay tuned
00:38:11next time
00:38:12stay tuned
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00:44:29is to bring it up to 10%.
00:44:30Because basically a lot of things are 10%.
00:44:32But in terms of food,
00:44:35the basic is zero.
00:44:37But the non-basic is five.
00:44:38Maybe he will turn five things into ten.
00:44:41This is possible.
00:44:42But we don't know.
00:44:43We can't see the details.
00:44:44But this will definitely affect
00:44:46those who want to buy these non-must-haves.
00:44:47So we are very curious
00:44:48about the non-must-haves.
00:44:49Besides these two things,
00:44:50what else is there?
00:44:51What would your definition be?
00:44:53You guess, okay?
00:44:54You analyze it.
00:44:55I think it might be
00:44:58that you don't need to eat it to live.
00:45:02No, no, no.
00:45:04It's not the most basic.
00:45:05It's not something that can't exist without it.
00:45:07In this way,
00:45:07let's say it this way.
00:45:09Basic food is like our rice and oil, salt,
00:45:12chicken,
00:45:13our eggs.
00:45:14These are basic foods.
00:45:16If you say that non-basic
00:45:18may be some nuts,
00:45:21or maybe some processed food,
00:45:24such as sausages,
00:45:26processed food.
00:45:26These things are also non-basic.
00:45:28I think these things
00:45:29may increase its sales.
00:45:31But I'm curious.
00:45:32What you mentioned are all food.
00:45:34So is there a possibility that there are other fields
00:45:36that may also be affected?
00:45:38If it's non-basic.
00:45:38I think there is.
00:45:40Because what it uses is premium goods.
00:45:43It's a high-quality product.
00:45:46So who knows?
00:45:47Maybe.
00:45:47I'm just guessing.
00:45:49Maybe we say
00:45:50the most ordinary toilet paper
00:45:52may not increase.
00:45:53But the more luxurious toilet paper
00:45:57I'm just guessing.
00:45:57Maybe.
00:45:59Because it's premium.
00:46:00I see.
00:46:01So it's definitely not just for food.
00:46:04Because it doesn't mention
00:46:05just for food.
00:46:07OK.
00:46:07So this is the sales tax.
00:46:09For the time being, we only know so much.
00:46:10I don't know more.
00:46:12Don't make it difficult for Zen.
00:46:14After we talk about SST,
00:46:15of course, there is another topic
00:46:16to talk about with Zen.
00:46:17This is RON95.
00:46:19Because maybe next year,
00:46:21in the middle of next year,
00:46:22it may be said that
00:46:22this targeted subsidy will be implemented.
00:46:24About RON95.
00:46:26What kind of way will Zen implement it for you?
00:46:29First of all, he didn't explain
00:46:32how to deal with it.
00:46:34But only some data was mentioned.
00:46:36Some data mentioned that
00:46:38now the government's subsidy
00:46:40is actually up to 200 billion.
00:46:4320 billion.
00:46:44Up to 200 billion.
00:46:45And he said that
00:46:46in fact, there are 8 billion.
00:46:49In fact, it's for foreigners
00:46:52or some richer people
00:46:54to enjoy.
00:46:56So they said that
00:46:57they would maintain a subsidy of 120 billion.
00:47:00Then the 8 billion
00:47:01may find a way
00:47:02to see how to take it away.
00:47:04But of course, some people spread it.
00:47:06This is not what the prime minister said.
00:47:08Some people spread it.
00:47:09Maybe in the future,
00:47:10when you want to play,
00:47:11you have to show your code.
00:47:13Prove that I belong to the group
00:47:15that can get subsidies.
00:47:16Maybe it will be used in this way.
00:47:18But everything hasn't been implemented yet.
00:47:20All we know is
00:47:22that it should be at the end of next year.
00:47:24We have to prepare.
00:47:25Maybe some people want to go on a trip.
00:47:28I don't know any details yet.
00:47:30I don't know how it will be implemented.
00:47:32In addition to this part of the traffic,
00:47:33of course, we also have to talk about
00:47:34some arrangements and plans for our retirement fund.
00:47:36Like KWSP.
00:47:39Because we have seen that
00:47:41they may discuss that
00:47:42the money in KWSP can be transferred as soon as possible.
00:47:45Can you tell us more about this part?
00:47:48OK.
00:47:48Of course, many people ask
00:47:50why there is such a measure.
00:47:52What does it mean?
00:47:53Of course, the way I see it,
00:47:56it should be that
00:47:57if I have money in KWSP,
00:48:01I plan to transfer it to my family.
00:48:04And if it's a relative,
00:48:05the closest person.
00:48:06Many people ask me
00:48:07who is the closest person.
00:48:10Of course, your spouse will be.
00:48:11Your children will also be.
00:48:13Not necessarily your parents.
00:48:14But your parents may also be.
00:48:16But not necessarily.
00:48:17But the rest is usually not.
00:48:19Usually we say
00:48:19brothers and sisters will not be.
00:48:21Not relatives.
00:48:22Of course, your parents
00:48:24are usually not.
00:48:25Many people ask me
00:48:27why do I transfer it to them?
00:48:28What is the purpose?
00:48:30I guess.
00:48:32Maybe it's because
00:48:33many people
00:48:34I believe many friends have heard
00:48:36some people may have passed away
00:48:38and did not handle the money in the KWSP well.
00:48:41The heirs are not listed.
00:48:42Their heirs do not know
00:48:44how to get the money.
00:48:47So it's troublesome.
00:48:50So maybe it's convenient for him.
00:48:52Maybe when that person is still alive,
00:48:55he still has the ability to do something.
00:48:56He said,
00:48:57oh, I'll give you the money anyway.
00:48:59Just transfer it directly to your
00:49:01public security account.
00:49:02Maybe it's convenient for them.
00:49:05So that you don't have to be in trouble in the future.
00:49:08I think so.
00:49:09After all, there are a lot of
00:49:12unherited heritages in the KWSP.
00:49:14We don't know how to deal with it.
00:49:15Speaking of KWSP,
00:49:17maybe you can also talk about
00:49:18Aisara Ann's voluntary pay raise.
00:49:20Is her reward increased?
00:49:22The paid subsidy has increased from 15% to 20%.
00:49:25Yes, many people may not know about this.
00:49:28But I remember a few years ago,
00:49:31I mentioned this in the KWSP.
00:49:33Because at that time,
00:49:33she also increased the percentage of
00:49:37Aisara Ann's paid subsidy.
00:49:38This time, it's increasing again.
00:49:40OK, let me first talk about
00:49:41what Aisara Ann is all about.
00:49:43Basically, it's for those
00:49:45self-employed people.
00:49:47Because we know that
00:49:48self-employed people don't work for others.
00:49:49So the definition of self-employed people is
00:49:51electric car?
00:49:53It can also be.
00:49:54Internet celebrity?
00:49:55Yes, it can also be.
00:49:56As long as you say
00:49:57I don't work for any boss.
00:49:59But I am running my own business.
00:50:02Then I am a self-employed person.
00:50:03So self-employed people
00:50:04because there is no boss.
00:50:05Without a boss, there is no paid subsidy.
00:50:07No one deducts your salary to pay the paid subsidy.
00:50:09So often many people
00:50:10will not put money in the paid subsidy.
00:50:12They would rather put the money in another place.
00:50:15But we actually know that
00:50:16paid subsidy is a guarantee
00:50:18when you retire.
00:50:19So the government is actually for encouragement.
00:50:21Even if self-employed people
00:50:22don't need to pay the paid subsidy.
00:50:25In order to encourage you
00:50:26to put the money in the paid subsidy.
00:50:27So the government said
00:50:28how much money you put in
00:50:30I will give you a little more money.
00:50:33That is, I will give you some money.
00:50:34So before it was said
00:50:36he gave an extra 15%.
00:50:38Now he has increased it to 20%.
00:50:39So simply speaking,
00:50:40if you say
00:50:41I put $1,000
00:50:42I put $1,000 in the paid subsidy.
00:50:43The government will give you $200 more.
00:50:45You get $200 for free.
00:50:47Because it's 20%.
00:50:48So this is a measure
00:50:49to get money from the government.
00:50:50But first you have to put the money in the paid subsidy.
00:50:53So this is
00:50:54a very good thing for self-employed people.
00:50:57You can put the money in.
00:50:58Of course there is a limit.
00:50:59Don't think I will put a lot of money.
00:51:01Limitless.
00:51:02Your investment is too good.
00:51:03No.
00:51:04Because every year
00:51:05he only gives you $500 at most.
00:51:07Give you $500.
00:51:09Then you can only get $5,000 at most in your life.
00:51:11But $5,000 is not a small amount, is it?
00:51:14The government wrote to you why you shouldn't take it, right?
00:51:16So I think self-employed people
00:51:17can do this kind of thing.
00:51:19And Zen, can you tell us
00:51:20how much the KWSP interest rate is now?
00:51:23Did I remember it wrong?
00:51:24The last time it was 5.4%.
00:51:265.4%
00:51:27It should be 5.4%.
00:51:28I can't be 100% sure.
00:51:29I remember it was about this.
00:51:30So you see, we actually said
00:51:32put the money anywhere
00:51:33you may not get a 5.4% return.
00:51:35Really.
00:51:36So it's actually a good thing to put it in the KWSP.
00:51:38I believe the government has always wanted to encourage everyone
00:51:41to pay more to the self-employed fund.
00:51:43So I hope everyone has a guarantee after retirement.
00:51:46Speaking of retirement,
00:51:47there is also a retirement plan for PRS
00:51:48that has been extended for a while.
00:51:50Yes, the private retirement plan.
00:51:52And this is because we also know
00:51:55that sometimes the money in our employee fund is not enough.
00:51:58So the government encouraged us before
00:52:00to put the money in the PRS plan.
00:52:03This is a private retirement plan
00:52:04that can get up to $3,000.
00:52:07So this thing
00:52:08is actually said every year
00:52:10that it will only last until a certain year of retirement.
00:52:15But now it is extended again.
00:52:18If I remember correctly,
00:52:19it will be extended for another 5 years.
00:52:23Until 2030.
00:52:25Yes, extended for 5 years.
00:52:26It was supposed to end in 2025,
00:52:29but it was extended to 2030.
00:52:30Another 5 years.
00:52:32So if you have any retirement plans,
00:52:35maybe these two platforms,
00:52:35including KWSP and PRS,
00:52:38are your choice.
00:52:39When we come back next,
00:52:40we will talk to Zen again.
00:52:41Remember to keep an eye on 988's Cain Special Edition.
00:52:47Okay, we have about three days left.
00:52:52We can chat.
00:52:53Sure.
00:52:54Okay.
00:52:55Sure enough,
00:52:55when it comes to SST and Round 9,
00:52:57there are not many comments.
00:53:00But there are no details.
00:53:02Yes, there was a message last time
00:53:03saying that Aisara and her family can also put it in.
00:53:05Indeed, because Aisara encourages you to put it in,
00:53:08and the annual interest rate is also very high.
00:53:11Yes.
00:53:14Yes, so this part...
00:53:17Actually, when it comes to retirement funds,
00:53:18besides these two platforms,
00:53:19Zen, what do you think
00:53:21is the way to make your retirement funds
00:53:24more sufficient and enough?
00:53:27Actually, if it's really for retirement,
00:53:30it's these two.
00:53:31Personal retirement plan and SST.
00:53:34Because this is for retirement.
00:53:36But if you say
00:53:37what else can save money
00:53:41and get a deduction?
00:53:43In fact, there is still
00:53:45the SSPN,
00:53:47our children's education fund.
00:53:49I also encourage parents every time.
00:53:52If you have children,
00:53:54you should put the money in SSPN.
00:53:57Because you can get up to $8,000 a year.
00:54:00$8,000 savings.
00:54:01And this thing
00:54:02has not been talked about before.
00:54:03It was only until 2024.
00:54:05This time, it will be extended for another three years,
00:54:07until 2027.
00:54:09So put the money in SSPN every year.
00:54:12Because this is a child's education fund.
00:54:14At the same time, you can get a deduction.
00:54:16OK, the most important thing is
00:54:18there will still be dividend.
00:54:20There is still a share.
00:54:21Although this is not high.
00:54:22This is not as high as the public fund.
00:54:24It seems to be around 2.3% every year.
00:54:26But there is still a share.
00:54:28It's better than nothing.
00:54:29You have already made a profit
00:54:31on the retirement side.
00:54:32Then they will give you more money.
00:54:34Choi Heng will immediately ask
00:54:35how much interest does SSPN have?
00:54:36Zen just said it.
00:54:38Maybe it's not too much.
00:54:39Only 2.3%.
00:54:41It's not necessarily.
00:54:41And it hasn't been announced yet.
00:54:43It seems that I have put SSPN in myself.
00:54:46So when I look back,
00:54:48it's about 2.3%.
00:54:49Is this fund used for children's education?
00:54:52Yes.
00:54:52What if it is not used?
00:54:53You can mention it at any time.
00:54:55You can take it out at any time.
00:54:56Yes, SSPN and the PRS we talked about before
00:54:59and the public fund.
00:55:00The biggest difference is
00:55:02SSPN will not restrict you from withdrawing money.
00:55:05You can withdraw money at any time.
00:55:06But the condition is like this.
00:55:09The annual savings
00:55:11is based on your net deposit.
00:55:14How much money did you put in that year?
00:55:16How much money did you get?
00:55:16You have to deduct it back.
00:55:17So if you say
00:55:19the money I got that year
00:55:21is more than the money I put in,
00:55:22I don't have savings.
00:55:23But if I put 8,000, I get 3,000,
00:55:26I still have 5,000 savings.
00:55:28It turns out...
00:55:29It seems that there is not much talk about
00:55:31PTPTN-related credit.
00:55:33Not at all.
00:55:34Is the PTPTN person waiting for a discount?
00:55:37Because I heard from the government a while ago
00:55:39that too many people owe loans.
00:55:40They owe PTPTN, but they haven't paid it yet.
00:55:42I thought there might be some different measures
00:55:44to encourage everyone this time.
00:55:45And they said they would punish you for not being able to go abroad.
00:55:46Or something like that.
00:55:48I really didn't hear him say PTPTN this time.
00:55:51In fact, I know every year.
00:55:52Sooner or later, they will say
00:55:53that if you pay back PTPTN early, you will have a discount.
00:55:56Yes.
00:55:57Not this time.
00:55:58Or maybe if you pay it back once,
00:56:00you can reduce it by a few percent.
00:56:01But this time, there is no discount at all.
00:56:03But friends, even if there is no discount,
00:56:05you still need to pay PTPTN.
00:56:07Because last year, there was a statement
00:56:11that if you ask the owner to deduct salary
00:56:13to pay you back PTPTN,
00:56:15there is actually a big discount.
00:56:17I forgot how much, but there is a big discount.
00:56:18And that thing is still usable until now.
00:56:22So you don't need to say what you mentioned in particular.
00:56:24Just use what you mentioned last time.
00:56:27I understand.
00:56:29You can pay attention to this part.
00:56:31In addition to PTPTN,
00:56:33there is also a part that can be discussed by Zan.
00:56:35It's the aid.
00:56:36It seems that every year,
00:56:37the government will issue a certain type of aid to those in need,
00:56:41including STR aid.
00:56:43Then the single person can get 600 ringgit.
00:56:47It seems that this part is available every year.
00:56:49The special thing is that we have seen
00:56:51that the aid may also be included in the MyCard part,
00:56:53which is Sara's aid.
00:56:55Sara put it in your MyCard.
00:56:58Sara put it in MyCard.
00:57:00I didn't pay much attention to this part.
00:57:02I didn't pay much attention to how to operate this thing.
00:57:05Let's find out for Zan
00:57:06if there is any relevant content.
00:57:08Because we are very curious.
00:57:10MyCard.
00:57:11Love Aid.
00:57:12Yes, what kind of execution method is this?
00:57:15Yes, isn't it very interesting?
00:57:17And they also talked about
00:57:19this MyCard can be used in many supermarkets,
00:57:22retail stores all over the country to buy some basic goods.
00:57:24For example, food and drinks.
00:57:25But this video does not include salmon.
00:57:30I just saw a lot of friends in the comment area
00:57:31discussing this salmon
00:57:34and avocado.
00:57:36Then many people said that
00:57:37Japanese food may be on the rise.
00:57:40There is a question asking
00:57:42if single people can use SSPN.
00:57:44I don't have a child yet,
00:57:45but I want to prepare for my child.
00:57:48OK, yes, but there will be no interface.
00:57:53Because SSPN does not restrict
00:57:56that you must have a child to open an account.
00:57:58But your account will be a little different.
00:58:01Because in the SSPN account,
00:58:05there will be parents' names and children's names.
00:58:07So you can't put any names on the children's side.
00:58:10So this is something that cannot be exempted.
00:58:13You can still save money.
00:58:14You can send it to your own education fund.
00:58:16Yes, but there is no exemption.
00:58:19OK, Alex Lau.
00:58:20I think I have answered your question.
00:58:22And then there is...
00:58:24Oh, I saw Sara enter the MyCard.
00:58:26She said that from April 2025,
00:58:29she will directly put the money in your MyCard
00:58:33so that you can go to the supermarket to buy things.
00:58:35Wow, how do you put it in MyCard?
00:58:37Will it be in the form of Touch&Go?
00:58:40I'm also very curious about how to do it.
00:58:42Because MyCard can also be used as Touch&Go.
00:58:45But because of Touch&Go,
00:58:47there is no way to pay for Touch&Go
00:58:48at the counter.
00:58:50You have to use the cash register.
00:58:52So how will it be executed?
00:58:54I'm also very curious about this.
00:58:56Can we talk about this with Sam?
00:58:57If possible, we will leave it to...
00:58:59Because we don't know if it will...
00:59:01Because as you said,
00:59:02it may be Touch&Go
00:59:03or it may use a new system.
00:59:06Because our MyCard can be read.
00:59:09Once you read the MyCard,
00:59:10you may know what your information is
00:59:13at the National Registration Office.
00:59:15Will it be there to see
00:59:16how much money you actually have?
00:59:18You don't have to keep your money
00:59:19and just deduct it.
00:59:20Got it.
00:59:21Will it be like this?
00:59:22I'm guessing.
00:59:23Will it have a system
00:59:24that connects to the National Registration Office?
00:59:27So we really don't know.
00:59:29Because this is also very special.
00:59:31Put it in MyCard.
00:59:32Yes.
00:59:32If necessary,
00:59:33MyCard may have to be replaced.
00:59:35Because it may not be able to support some...
00:59:37Because we know that
00:59:37if you say Touch&Go,
00:59:39Touch&Go must have a physical card
00:59:41to let it put the money in.
00:59:44It can't put the money in online.
00:59:46Can it?
00:59:47Can't it?
00:59:48I think it can't.
00:59:49No, it can't.
00:59:49There's no way it can't.
00:59:51There's no way.
00:59:52And MyCard is very important.
00:59:53If you keep using it,
00:59:54the loss rate is very fast.
00:59:56And here,
00:59:57Denise Tan, let's answer
01:00:00the message from the news line.
01:00:02She wants to ask,
01:00:02can the EPF self-employed
01:00:04contribute KWSP
01:00:06by itself?
01:00:08Is it possible?
01:00:09Yes, it is.
01:00:10Because two years ago,
01:00:13it was already said that
01:00:14self-employed can still
01:00:16voluntarily put the money in EPF.
01:00:18You can get up to 4,000 yuan a year.
01:00:21What if...
01:00:22You say.
01:00:23So 4,000 yuan of interface.
01:00:24Not only that,
01:00:25if you add up the recent
01:00:273,000 yuan,
01:00:287,000 yuan,
01:00:29it's already 7,000 yuan.
01:00:29You can get 7,000 yuan of interface.
01:00:30You can overlap it,
01:00:31so it's 7,000 yuan in total.
01:00:32Yes, you can get a total of 7,000 yuan of interface.
01:00:34Got it.
01:00:36And we can talk about
01:00:38the transportation part.
01:00:40Last year, we talked about EV.
01:00:42Including the motorcycle EV, right?
01:00:44Is it also available this year?
01:00:46This time, he said that the motorcycle EV
01:00:48will continue to give you
01:00:50a return of 2,400 yuan.
01:00:53But if we talk about EV,
01:00:55we can talk a little bit about it.
01:00:57This is also my own
01:00:58guess.
01:01:00He said that the current
01:01:04tax benefits of electric vehicles
01:01:06will be maintained.
01:01:08And he said that
01:01:09the current structure
01:01:12is in accordance with the government's wishes.
01:01:14His statement
01:01:15actually means that
01:01:17he does not intend to extend
01:01:20the tax benefits of imported EVs.
01:01:22Because he said that
01:01:23he actually hopes to have
01:01:25EVs assembled locally.
01:01:26So this may mean
01:01:29that those friends who want to buy imported EVs
01:01:31need to hurry up and buy it
01:01:33because he may not extend
01:01:34the tax benefits of imported EVs.
01:01:37He may only target
01:01:38those who want to assemble local EVs.
01:01:42His statement
01:01:44feels like
01:01:45the current structure is correct.
01:01:47It is in accordance with
01:01:48our wish to have local EVs assembled.
01:01:51It is in accordance with that direction.
01:01:54But there is a maintained traffic here.
01:01:56For example, you can still continue
01:01:58to sell 50 monthly tickets with that MyCard.
01:02:00Yes.
01:02:01So if you use a traffic tool,
01:02:03you may also pay attention to this.
01:02:04Because selling 50 is quite a lot of people.
01:02:06If you take the bus to work,
01:02:08it is really convenient.
01:02:10It is really very convenient.
01:02:11If you are a one-day person,
01:02:12and you have to go to many places,
01:02:13you can also use your MyCard to apply.
01:02:15It is only 6 dollars.
01:02:16You can go to any place for 6 dollars.
01:02:18For every stop,
01:02:18as long as it is a traffic tool
01:02:20under Repikia,
01:02:21you can use it.
01:02:21It is really convenient.
01:02:22Our MyCard is very useful.
01:02:23Really.
01:02:25And let's see what else.
01:02:27Do we need to talk about business?
01:02:28Yes.
01:02:29Let's talk about it
01:02:30when we come back next time.
01:02:31Let's talk about it when we come back next time.
01:02:34I am thinking about housing.
01:02:35Housing.
01:02:36We didn't talk about housing.
01:02:38Yes.
01:02:38We didn't mention the housing interface.
01:02:40Yes.
01:02:41We will talk about housing
01:02:42because of time.
01:02:43After we talk about housing,
01:02:44we will talk about mood.
01:02:46Yes.
01:02:47Lowest mood.
01:02:47Lowest mood.
01:02:48It is too high.
01:02:49It is what you are best at.
01:02:51The only small and medium-sized enterprise
01:02:52that the followers may pay attention to.
01:02:53OK.
01:02:54Yes.
01:02:55So,
01:02:56maybe this part,
01:02:57we still have 34 seconds.
01:02:59It seems like we need to chat.
01:03:01It's too late.
01:03:02It's okay.
01:03:02Let's talk about it
01:03:03when we come back next time.
01:03:05We will start with housing.
01:03:07So, those who want to buy a house,
01:03:09especially those who are buying a house for the first time,
01:03:11Yes.
01:03:11Those who are buying a house for the first time,
01:03:14maybe you can use this time.
01:03:16Eh?
01:03:16Not this time.
01:03:17In 2025,
01:03:18please pay more attention to the purchase of a house.
01:03:21But I think it's still not enough.
01:03:23It's better than nothing, right?
01:03:26OK. We will be back in 5 seconds.
01:03:35Welcome back to 988's financial calculation special live.
01:03:41I am Shu Ting.
01:03:42I am Zhang Hong.
01:03:43And our old friend,
01:03:44Zen Zhou Deqian.
01:03:45Hello, everyone.
01:03:46Good evening, everyone.
01:03:47Zen is a real estate expert.
01:03:48Actually, in this part,
01:03:49we will talk about the housing part.
01:03:51Because we saw that the first-time buyers
01:03:53have some discounts.
01:03:54Zen, can you talk about this part?
01:03:56OK.
01:03:56Of course, the first-time buyers
01:03:58have some good news.
01:04:00What good news?
01:04:01That is to say,
01:04:02if you buy a house,
01:04:04of course, we are talking about a residential house.
01:04:07If you are a first-time buyer
01:04:08and you have bought a residential house,
01:04:10we usually borrow money from banks.
01:04:13Then you have to pay interest on the loan.
01:04:15So many times, we know that
01:04:16the interest paid
01:04:18is not deductible.
01:04:19It is not deductible.
01:04:20But now,
01:04:22if you are a first-time buyer
01:04:23and you buy a house,
01:04:25you borrow money.
01:04:26Your interest can be deducted.
01:04:29And it is up to 7,000 yuan a year.
01:04:32The maximum is 7,000 yuan.
01:04:33And it is not just for one year.
01:04:35It is for three consecutive years.
01:04:37That is to say,
01:04:37the year you start paying interest,
01:04:40you can get up to 7,000 yuan in three consecutive years.
01:04:43But there are conditions.
01:04:45I will talk about the conditions first.
01:04:47First of all, I told you that 7,000 yuan
01:04:49is only for houses up to 500,000 yuan.
01:04:53Only up to 500,000 yuan.
01:04:54More than 500,000 yuan is not 7,000 yuan.
01:04:56Why?
01:04:56Because if the house you bought
01:04:58is more than 500,000 yuan,
01:05:00but it can't exceed 750,000 yuan.
01:05:02So more than 500,000 yuan
01:05:03is not more than 750,000 yuan.
01:05:05Then you only have 5,000 yuan.
01:05:07For the loan interest,
01:05:095,000 yuan a year.
01:05:10If you exceed 750,000 yuan,
01:05:12you have nothing.
01:05:13You really have nothing.
01:05:14So there are conditions.
01:05:16You must be a first-time buyer.
01:05:17The house you want to buy can't be too expensive.
01:05:20And the last one is very important.
01:05:22That is to say,
01:05:23you really bought this house for yourself,
01:05:25not to rent it.
01:05:26Because if you rent it,
01:05:27you earn rent,
01:05:29but you don't get this interest.
01:05:31In other words,
01:05:32it is to provide some convenience
01:05:34that is a bit difficult for us to buy a house.
01:05:36If you can afford a house that is too expensive,
01:05:38why should I give you this interest?
01:05:41Actually, before the case,
01:05:42we have mentioned that
01:05:43there may be a lot of house discounts.
01:05:45But today, it seems that this is the only one.
01:05:47And according to Zen,
01:05:51this 7,000 yuan is not very high this year.
01:05:54If I go back a little bit in history,
01:05:58if someone still remembers,
01:06:00in 2009,
01:06:02it was more than 20 years ago.
01:06:05In 2009,
01:06:07something similar happened.
01:06:10It was from March 2009 to the end of 2010.
01:06:21At that time, there was also such a thing.
01:06:23You can get a discount on your mortgage.
01:06:26At that time, it was 10,000 yuan.
01:06:2710,000 yuan is also 3 years.
01:06:29At that time, there was no restriction on the purchase of a house.
01:06:31There was no restriction on the purchase of a house.
01:06:33There was no restriction on the purchase of a house that could not exceed a certain amount of money.
01:06:35But at that time,
01:06:36it was to stimulate the housing market.
01:06:42So at that time, there was a measure.
01:06:44But this time,
01:06:45it has its own conditions.
01:06:47It seems that if you want to buy a house,
01:06:49you have to pay enough salary
01:06:51to be able to buy a house.
01:06:52I still have to tell the purchase of a house.
01:06:53It's better than nothing.
01:06:55At least there is still a little.
01:06:56But I have to remind them
01:06:57not to listen to me.
01:06:58I will go to the market to buy a house tomorrow.
01:07:00It can't be so fast.
01:07:01Next year is next year.
01:07:03Because this is the budget for 2025.
01:07:05It started in 2025.
01:07:07Speaking of the cost of living,
01:07:08we also mentioned in this proposal
01:07:11that from February 1 next year,
01:07:12the minimum wage will be increased
01:07:14from 1,500 yuan to 1,700 yuan.
01:07:17Can you tell us more about this measure?
01:07:19Yes, so the government said that
01:07:21from February 1 next year,
01:07:23from February 1, 2025,
01:07:25the minimum wage will be adjusted
01:07:27from 1,500 yuan to 1,700 yuan.
01:07:30Simply put,
01:07:32especially for the bosses,
01:07:34they have to pay more money.
01:07:36They can't give more than 1,500 yuan.
01:07:38This is definitely good news for the workers.
01:07:40Starting next year, February 1.
01:07:42But for those really small
01:07:45micro-enterprises,
01:07:47micro-enterprises mean
01:07:48that your employees are less than five.
01:07:51If there are less than five micro-enterprises,
01:07:54you can have a little bit of a buffer period.
01:07:59You don't have to implement it so soon.
01:08:00As I said, it starts on February 1, 2025.
01:08:03So if you say that
01:08:04my employees are less than five,
01:08:06you can wait another six months.
01:08:08Six months later, on August 1,
01:08:10you will need to implement the minimum wage,
01:08:12the minimum wage of 1,700 yuan.
01:08:14In fact, the government plans to
01:08:16review the minimum wage once every two years.
01:08:18So it may be a pressure on the employers.
01:08:22In fact, the minimum wage and the progressive wage
01:08:25have you seen any changes or differences in this proposal?
01:08:29How do you say it?
01:08:29Progressive wage is also a policy
01:08:31that the government is pushing.
01:08:33Did it mention anything related to this proposal?
01:08:36I didn't see much about
01:08:39the progressive wage.
01:08:41But I will say first,
01:08:43in fact, the minimum wage
01:08:45is actually good for the whole country.
01:08:47If we want to achieve high income,
01:08:50this is actually necessary.
01:08:52Because if we have been maintaining a very low minimum wage,
01:08:55the boss will still think,
01:09:00why should I give you such a high salary?
01:09:02If I don't raise it,
01:09:03then the average income of our country will not be increased.
01:09:07Will be lowered.
01:09:08Yes.
01:09:08That's right.
01:09:11Next, we are going to talk about a specialty of ZEN.
01:09:14Is there any relevant tax in this fiscal budget
01:09:16for micro and medium-sized businesses?
01:09:20Maybe what I want to mention is
01:09:23that I am going to talk a little bit about
01:09:25e-issues.
01:09:27Of course, this budget
01:09:28did not particularly talk about the changes in e-issues.
01:09:31Because this was mentioned a lot in the last budget.
01:09:35But this time, it still mentioned a little bit
01:09:38about e-issues.
01:09:40Especially for many entrepreneurs,
01:09:43if they want to implement e-issues,
01:09:45they must buy more software,
01:09:48computers, and other equipment.
01:09:50So we all know that
01:09:52buying computers and software
01:09:55can get capital allowance.
01:09:58Capital allowance means that
01:10:00the equipment you buy
01:10:02and the money you spend
01:10:03will not be deducted immediately.
01:10:05It will be deducted for you in several years.
01:10:06It will give you a small percentage every year.
01:10:10It will be deducted gradually.
01:10:11But what we currently have is that
01:10:14if you buy a computer or software,
01:10:17you have to spend three years to get it deducted.
01:10:20But in this budget,
01:10:22it was mentioned that
01:10:22you can get it deducted in two years.
01:10:25In two years,
01:10:26I will deduct 60% for you in the first year,
01:10:29and 40% more in the second year.
01:10:31So this will speed up
01:10:32entrepreneurs or buyers.
01:10:35If they really want to implement e-issues
01:10:38and improve their software,
01:10:40buy more computers,
01:10:41they can get the money deducted
01:10:43in two years.
01:10:46So this is good news for entrepreneurs.
01:10:50It will help cash flow.
01:10:52Has the government mentioned
01:10:53when the e-invoice will be expanded
01:10:55to all companies?
01:10:56Actually, all the way through this year,
01:10:59we say 2024,
01:11:00there have been some changes to the e-invoice.
01:11:03We originally said that
01:11:04everyone who does business
01:11:06must do e-invoice.
01:11:09Until recently, it was announced that
01:11:11those who have less than 150,000 sales
01:11:13do not need to do it.
01:11:14In fact, a lot of small businesses
01:11:19don't need to do e-invoice anymore.
01:11:22Of course, there are no other special progress.
01:11:25It's still the same.
01:11:27The time is still the same.
01:11:28Next year, July 1st,
01:11:29if I remind everyone,
01:11:31next year, July 1st, 2025,
01:11:32is the time to fully implement e-issues.
01:11:35Unless you have less than 150,000 sales,
01:11:38you don't need to do it.
01:11:40Otherwise, you still have to do it.
01:11:41Actually, there is a mistake.
01:11:42They say that e-invoice is to make up
01:11:44for the lack of SSD.
01:11:45It is a substitute for GST.
01:11:48Is there such a saying?
01:11:50It's not necessarily.
01:11:52Of course, the ultimate goal
01:11:56is to increase sales.
01:11:58Its purpose is the same.
01:11:59But it doesn't directly increase sales.
01:12:02Why do I say this?
01:12:03If we say GST,
01:12:04GST is tax.
01:12:05Tax means
01:12:06I will increase my sales in a certain part.
01:12:10I want to get more tax from you.
01:12:12But e-invoice
01:12:13is to systematize your business model.
01:12:18Every transaction
01:12:20will be recorded by e-invoice.
01:12:22Transparent.
01:12:23When you are transparent,
01:12:25you have to pay for the money you earn.
01:12:29From here,
01:12:30the government can receive more tax.
01:12:33In fact, it still increases tax.
01:12:36But it's not a new tax.
01:12:38It's just telling others
01:12:40that you really want to transparent
01:12:42your business model.
01:12:44Then you can get the income you deserve.
01:12:46Then the government can get the tax it deserves.
01:12:50In other words, it will reduce tax evasion.
01:12:52Yes, reduce tax evasion and tax leakage.
01:12:54In addition to the GST part,
01:12:56do you have anything else to add?
01:12:58The focus of this case.
01:13:01I would say that this time
01:13:02there is nothing different
01:13:04for GST companies.
01:13:07It's really
01:13:08in addition to what I just said
01:13:09about capital subsidies.
01:13:11I just mentioned
01:13:13that some subsidies are given to employees
01:13:15to take care of their children.
01:13:16In fact, that is a very good thing.
01:13:18So don't say it.
01:13:19Yes.
01:13:19In addition to these things,
01:13:21of course, there are other things.
01:13:22Of course, there are some tax bonuses.
01:13:24But it is also aimed at the industry.
01:13:27As I just saw,
01:13:29if you do logistics,
01:13:31you do logistics,
01:13:32you do smart logistics,
01:13:33smart logistics,
01:13:35in fact, you can get some tax bonuses.
01:13:37You can get some
01:13:38investment tax allowance.
01:13:39But it is also aimed at the industry.
01:13:42Or you can do export.
01:13:44For example, I do some export services.
01:13:47These are also some bonuses.
01:13:48But these are very detailed things.
01:13:49I don't want to talk so much.
01:13:51In fact, when it comes to this case,
01:13:53the government is still looking at
01:13:55how to make this case more specific
01:13:58or contentious.
01:13:59Does it still need to be debated by the Congress?
01:14:00For the last part,
01:14:01we may have to let Zen talk about it.
01:14:03Do you think there is any place
01:14:05where the case can be improved?
01:14:07Maybe the government will hear it.
01:14:09It's a part of the proposal.
01:14:11Do you think there is any place
01:14:12where it can be adjusted
01:14:13or made better?
01:14:15Zen.
01:14:16I think this case,
01:14:19as I said just now,
01:14:20in terms of taxes,
01:14:24it is only aimed at the rich
01:14:26to increase their taxes.
01:14:29Then it is aimed at the middle class.
01:14:32That is to say,
01:14:33I will give you more savings
01:14:34so that you can save some taxes.
01:14:37I think this is actually
01:14:38a very good measure.
01:14:39But if it is really aimed at
01:14:42this case,
01:14:42what else can be done?
01:14:43Maybe it's back to
01:14:44the small and medium-sized enterprises I mentioned just now.
01:14:46Because small and medium-sized enterprises
01:14:47don't seem to be aimed at
01:14:50small and medium-sized enterprises
01:14:50to give them more preferential treatment this time.
01:14:52Because we all know
01:14:53that small and medium-sized enterprises
01:14:54are actually the largest part of the economy.
01:14:57So if we encourage
01:14:58small and medium-sized enterprises
01:14:59to get better preferential treatment,
01:15:02it will definitely stimulate the economy more.
01:15:04But at the same time, I can also understand
01:15:07that if we give more preferential treatment to small and medium-sized enterprises,
01:15:08it means that there will be less tax revenue.
01:15:10This is for sure.
01:15:11But I think if it can really be suggested,
01:15:14it is to see how to help
01:15:17small and medium-sized enterprises a little more
01:15:18and give them a little more bonus.
01:15:21So it is good for them.
01:15:22In fact, it is also helpful to the country and the economy.
01:15:25Okay, that's all for today.
01:15:27Thank you very much.
01:15:28Thank you very much.
01:15:29Thank you again for inviting me to the show.
01:15:31988, thank you.
01:15:33Thank you all.
01:15:33Remember to stay tuned on 988.
01:15:35We will also update you on FB
01:15:38about what is on the agenda today.