Not All Banking Services Will Be Taxed. Here’s What The 8% Service Tax Actually Covers
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Malaysian banks will start imposing an 8% service tax on certain financial services starting 1 July 2025, under the new expanded sales and service tax (SST) This rollout will be carried out in phases, in accordance with official guidelines from the Royal Malaysian Customs Department,