Purely TCSS

[seiko.citizen]

property law dictate that a rolex cannot be considered a fixture but can def take as inventory and write off later

Another one would be, claim as tools (precision timekeeping equipment)

[seiko.citizen]

property law dictate that a rolex cannot be considered a fixture but can def take as inventory and write off later

Another one would be, claim as tools (precision timekeeping equipment)

[pet]

property law dictate that a rolex cannot be considered a fixture but can def take as inventory and write off later

Another one would be, claim as tools (precision timekeeping equipment)

whn tax ppl come, hang yr rolex ( as clock on the wall loh ) ....tht's why i say rolex clock ... hahhahha

[seiko.citizen]

whoa seh!...... can actually claim as tools and depreciate over time

also another option would be to package it as a salary package.

[pet]

whoa seh!...... can actually claim as tools and depreciate over time

also another option would be to package it as a salary package.

later kanna personal income tax... hahhaaa

i think there's alot of ways.. also buy under company, gst can claim... hee

[seiko.citizen]

later kanna personal income tax... hahhaaa

i think there's alot of ways.. also buy under company, gst can claim... hee

what you can do is "invest" the profits of your company and set up another biz, write off the losses, firesale the watches to yourself but have to consult tax accountant for more details.

[pet]

what you can do is "invest" the profits of your company and set up another biz, write off the losses, firesale the watches to yourself but have to consult tax accountant for more details.

wow.. good idea hor, buy 100k under company, thn sell at 10k, somemore can claim back most gst somemore...

[seiko.citizen]

what i am thinking is..... can i set up a company and use 100% of the profits to pay my salary. Effectively making the company have a profit of $0. Because company profits are taxed at a stupid rate of 30% whereas I can declare as "salary" and pay maybe 10-20%.

[pet]

what i am thinking is..... can i set up a company and use 100% of the profits to pay my salary. Effectively making the company have a profit of $0. Because company profits are taxed at a stupid rate of 30% whereas I can declare as "salary" and pay maybe 10-20%.

use profit to buy 'inventory' .. thn sell at lost, so cancel out profit..
no co tax loh, also no personal tax

[seiko.citizen]

oh ya... even better I guess everyone also pay tax until sian want to try and avoid.

[pet]

especially GST ...

hk 0, jp 5... one of the highest in far east leow.

and, gov sure not compare to places like uk/ Eu, their pay how much, ours ?

[seiko.citizen]

your almost on par with mine too. gst: 10%

[pet]

your almost on par with mine too. gst: 10%

au got tax refund for tourist, also, wht's pricing like for rolex ? hee

[seiko.citizen]

expII: AUD7055 tax inclusive. You claim A$641 from gov't upon departure.

[pet]

expII: AUD7055 tax inclusive. You claim A$641 from gov't upon departure.

wow quite ex, list ah ? wht's discount like ?