CREDIT CARD FIRMS START CHARGING VAT

[mantoy]

I think we should find a channel where we can air our grievances and raise our voices against the banks and institutions that choose to pass on the VAT to consumers. Some institutions, in order to be more economically viable simply absorb the burden of VAT so that their clients don't leave them. Eh itong mga P__nang mga bankong to eh mga suwapang talaga sa pera eh. Sobra na!

This VAT thing sucks, because the institutions that ought to be paying it (the banks and financial institutions) are passing the tax onto us. If they absorbed the cost, then
we consumers wouldn't feel the burden as badly. I-boycott ang mga banko!!! :mrgreen:

[tagalnasaabroad]

bubuhayin kolang 'to..yong primus financing at mga ford dealers tinatago sa cliente ang vat charges..sisingilin kana lang pag tapos na ang amortization mo..magtanong tanong kayo hwag basta pumirma..!!

[odell]

cash na lang lage para la utang... pandagdag utang lang lage credit card ee

[FrankDrebin]

Time to stop using the plastic. Or lessen the spending. Syet nilang lahat kamukha nila!

[BlueBimmer]

cash nalang, wag lng maholdup hehe

[tagalnasaabroad]

basta ako nawawala concentration ko pag me datung akong dala sa bulsa..as in 5 to 6 figures..napaparanoid ako..kaya pwede naman credit card basta ba sabihin mo lang "one payment lang yan sir, ala lang akong cash dala..err..me vat ba 'yan"..hehrehrhehr..

[Altis6453]

thing is, we're gonna be taxed twice...the price of the item you're buying already has VAT. Tapos, the card you're using to pay it with will be imposing VAT as well. Hay.Gaddam banks!

[the_wildthing]

Teka, di ba sa interest lang ang charge ng VAT?

E di don't pay interest... meaning pay off your credit cards in full always. Huwag matempt umutang... Malaki rin ang 3.25% per month, tapos +VAT pa.

[mazdamazda]

Teka, di ba sa interest lang ang charge ng VAT?

E di don't pay interest... meaning pay off your credit cards in full always. Huwag matempt umutang... Malaki rin ang 3.25% per month, tapos +VAT pa.

yup... interest lang ang may VAT...

so avoid use the plastic if you can't pay it in full

[BlueBimmer]

yep always pay in full unless more than 100k charged mo sa card n kelangan ng deferred payment

[ts1n1ta]

nakow! ang hilig ko pa namang magpa delayed payments... kakatamad kase magpuntang bank e ... ouch.
ako den praning pag may cash...tsaka usually pag may cash. ubos agad yan... hambilis. pag card, controlled ko pa. I only use the magic plastic pag i-di-differed payment ko.

teka, what about primus financing? isa sa l3 namen under primus finance eh... *curious*

[tagalnasaabroad]

ma'm tsinita..update lang kita sa primus..yong mga loans lang daw before the vat upgrade law was passed nong 2003 ang apektado..meaning kung loan ka before passing of the law papatungan na nila ng vat ang mga post dated checks payable starting say, sept03, the month of vat law effectivity..in my case dahil loan ko was approved jan04 nakabuilt-in na ang vat don..

OT: ma'm tsinita, di lang ko mapakali sa avatar mo..lips mo kasi kapareho ni..si princess punzalan ka ba..? hehrehrheher..

[cyberdoc95]

Nakakatawa nga lang gumamit ng Credit Card to several stores sa Pilipinas kasi iba ang presyo kapag credit card ang gamitin kesa Cash!!He he he! Can't remember exactly, but I think they usually charge me 5% more than cash ang gamitin!! Ano ba yan?!

I wrote to Visa USA about it and told me that it isn't their ideal practice. They already got the establishment's contact information. I didn't complain until recent na visit ko sa Pilipinas.

[Karding]

Yung ibang small stores dito sa US, they charge the so called 3% CC fee kung yun ang gagamitin mo. Lalo na yung maliliit na stores, experiences ko eh sa mga automotive performance parts. Pero kung CASH ang ibabayad ko, they wont even charge me any sales tax.

Yun VAT ba eh comparable sa Sales Tax? Or iba pa ang VAT sa sales tax na ipinapataw kapag mag sho-shopping?

[cyberdoc95]

Yung ibang small stores dito sa US, they charge the so called 3% CC fee kung yun ang gagamitin mo. Lalo na yung maliliit na stores, experiences ko eh sa mga automotive performance parts. Pero kung CASH ang ibabayad ko, they wont even charge me any sales tax.

Yun VAT ba eh comparable sa Sales Tax? Or iba pa ang VAT sa sales tax na ipinapataw kapag mag sho-shopping?

3% Credit Card Fee? Really? I have never had any experience of that sort OR maybe I just didn't realize I was charged with that. VISA USA even said that it isn't their practice and told me about it in a letter from them. Those transactions were supposed to be paid by the establishment and not the customer.

Sales tax is the equivalent of VAT(VALUE-ADDED TAX). That also depends on which State you are located. MA sales tax is 5.3% on most items. Of course, there are other categories by different items. Ang difference din ng VAT sa Pinas at SALES TAX dito is how they are presented. Sa Pilipinas, ang nasa price tag is already with the VAT, while dito sa States, papatawan pa ng Sales tax ang nasa price tag.

[Karding]

cyberdoc95, yung mga super discounted items na kaya they dont wanna eat the cost of the VISA/MC fees. So most customers doesnt mind paying the 3% as opposed to paying an MSRP mawawalan ka kse sila talaga ng profit kung pati VISA/MC fee eh babayaran nila after ng super discounted items.

RE: VAT sa CC

eh di parang doble ang TAX sa pagbili nila sa Pinas kung yung bill sa CC eh may VAT na din or ulit?

[cyberdoc95]

cyberdoc95, yung mga super discounted items na kaya they dont wanna eat the cost of the VISA/MC fees. So most customers doesnt mind paying the 3% as opposed to paying an MSRP mawawalan ka kse sila talaga ng profit kung pati VISA/MC fee eh babayaran nila after ng super discounted items.

RE: VAT sa CC

eh di parang doble ang TAX sa pagbili nila sa Pinas kung yung bill sa CC eh may VAT na din or ulit?

Ahh, oK! NExt time titingnan ko na mga recibo ko kung may idinadagdag silang fees! He he he!! Thanks Sir Karding!!

RE: VAT sa CC --that's also my question...