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 Credit Card Foreign Exchange Rate

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hiappy
post Mar 30 2015, 02:35 AM

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Anyone have any idea does the bank surcharge for swiping card foreign transaction will be charged additional 6% GST starting 1st April?

For example swiped foreign currency with value of RM1000 + lets assume 1% bank surcharge. Before GST is RM1010 but after GST do we need to pay RM1010.60 because the additional RM0.60 due to 6% GST on the bank surcharge.

This post has been edited by hiappy: Mar 30 2015, 08:25 AM

 

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