CREDIT CARD FIRMS START CHARGING VAT

[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

[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...