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Latest Notice » Notice on Imposition of Service Tax
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Notice on Imposition of Service Tax
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Dear Valued Customers, |
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In line with the MADANI Government’s announcement on the revision to the Sales and Services Tax (SST) framework (on 18th October 2024) which is to take effect starting 1st July 2025, kindly be informed that the scope of the current SST has been expanded to include financial services provided by financial institutions including those offered by CGS International Securities Malaysia Sdn Bhd and its subsidiaries. |
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As such, the Service Tax will be imposed at a rate of 8% on applicable fees and charges effective 1st July 2025 on financial services provided as listed out in Appendix A of the Guide on Financial Services Malaysia and further expansion to cover all remaining fees and charges effective 1st September 2025. |
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For more information, please refer to the Guide on Financial Services available on the Customs MySST website here. |
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Yours sincerely, |
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CGS International Securities Malaysia Sdn.Bhd. |
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(Co. Reg 197901004504 | 48703-W) |
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(A participating Organisation of Bursa Malaysia Securities Berhad) |
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