So if one fine day an MBS host call you up and wants to register ur name under PP - since u only need to depo and withdraw 100k, make sure to nego for freebies/comps.
MBS uses the Premium Player (PP) program to get annual tax savings. From what I understand, for every sgd100k being deposited by a cusotmer, MBS can file a tax savings of SGD10k (because the differential tax rate imposed on earnings from normal vs PP is 10%) as MBS will use all PP names to make filing claims. So, PP can be a "waterfish" becoz the benefit / freebies of being a Paiza during the 3 mth probationary period is nowhere near SGD10K. MBS gets ANNUAL tax savings of SGD10k for each PP regardless whether PP lose or win.
If more people know how MBS has been ripping off the PP that deposited the sgd100k ... it is time these group of PP starts to demand freebies/comp equivalent to sgd10k every year if they deposit 100k each yr. MBS will start getting desperate if people just stop registering as a PP through the deposit program.
So if one fine day an MBS host call you up and wants to register ur name under PP - since u only need to depo and withdraw 100k, make sure to nego for freebies/comps.
MBS uses the Premium Player (PP) program to get annual tax savings. From what I understand, for every sgd100k being deposited by a cusotmer, MBS can file a tax savings of SGD10k (because the differential tax rate imposed on earnings from normal vs PP is 10%) as MBS will use all PP names to make filing claims. So, PP can be a "waterfish" becoz the benefit / freebies of being a Paiza during the 3 mth probationary period is nowhere near SGD10K. MBS gets ANNUAL tax savings of SGD10k for each PP regardless whether PP lose or win.
If more people know how MBS has been ripping off the PP that deposited the sgd100k ... it is time these group of PP starts to demand freebies/comp equivalent to sgd10k every year if they deposit 100k each yr. MBS will start getting desperate if people just stop registering as a PP through the deposit program.