- New service tax guides released by the Royal Malaysian Customs Department in June 2025
- Guides available only in Bahasa Malaysia
- Guide on credit line services or Shariah-compliant financing via credit or charge cards dated 19 June 2025
- Supersedes previous guide dated 2 September 2024
- Guide on insurance or takaful services dated 19 June 2025
- Supersedes previous guide dated 29 August 2024
- Service tax expanded to certain financial services from 1 July 2025
- Changes and clarifications in classification and treatment of services
- Reinsurance and re-takaful services now subject to service tax
- Credit card and charge card services classified as taxable under financial services
- Service tax of MYR 25 applies to each credit or charge card at activation and annually
- Tax applies if card issuer’s headquarters is in Malaysia
- Insurance or takaful services reclassified under financial services
- Definitions of takaful and re-takaful revised
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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