Service Tax 2018

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Service Tax 2018

Effective 1 September 2018, RM25 service tax will be imposed on each principal and supplementary credit card as per the following:

(a) Existing card approved BEFORE 1 September 2018 on the yearly renewal date of each card.
(b) New card approved FROM 1 September 2018, on the card activation date of each card.

Please note:
Government service tax imposed will be charged in full in the monthly repayment amount due.

Example:
Existing cardholder had spent RM1,500 during card anniversary month of September 2018.
The minimum amount due is RM100, (RM75 + RM25) where RM75 is the minimum repayment of 5% of current balance and RM25 is the service tax payable.

For credit card fees and charges, please click here

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Service Tax 2018