Fast Food Industry Essay

Political/Legal. In Malaysia, the government has instituted a number of policies to promote the fast-food industry, to encourage domestic and foreign investment growth. By promoting industrialization and foreign capital inflows, such as the introduction of McDonald's, KFC, Subway or Pizza Hut, which would promote economic development and policies should ensure the accomplishment of internal economic policy and Malaysia's Vision 2020 to the rapid development of this, the government has some support policy, keeping in Malaysia established the area an attractive base in the fast food industry and economic growth and profit opportunities in the job environment. The private sector in Malaysia has become the public sector in achieving national

All the prices on their menu and promotional materials are inclusive of GST. Their costs have not increased as the price consumer pay for all their menu items stays the same, even after GST. This is because the GST is replacing the 6% Government Sales Tax while all prices and charges for dine-in are subject to 10% service charge still continue to apply in. Pizza Hut will be issuing a tax receipt or tax invoice to customers’ purchases below RM500 in a single transaction. For purchases exceeding RM500 in a single transaction, they will issue a full tax invoice only upon customer’s request and require the customer’s name and address to be printed on the full tax invoice. Beside that, for monetary vouchers such as cash vouchers, which function as cash, the charge of GST will only be imposed on the goods and services purchased. Whereas for Non-monetary vouchers such as the promotional vouchers for meals or services are subject to GST upon sale and issue of the voucher. There is no GST to be collected upon redemption of the vouchers. Lastly, discount vouchers are monetary vouchers. GST is charged on the price of the goods or services received after the