http://www.theedgemarkets.com/article/serv...sed-part-sst-20

KUALA LUMPUR (July 19): Service tax on credit or charge cards, which was scrapped when the goods and services tax was implemented back in 2015, has made its way back in the proposed new model for the sales and services tax (SST), which is deemed SST 2.0, that is due to be implemented on Sept 1.

According to the Royal Malaysian Customs website, under the Frequently Asked Questions on Service Tax, the following was stated as Question 35:

Q: Will I be charged RM25 on existing credit or charge card on Sept 1, 2018?

A: The existing effective period of the card will not be subject to service tax of RM25 until the next annual renewal.

In other words, the service tax of RM25 on each credit or charge card that an individual owns will be charged upon renewal of the card.

It should be noted that the amount is less compared to the old service tax model. Under the old service tax model, a service tax of RM50 a year on each principal credit card and charge card, and a service tax of RM25 a year on each supplementary card was implemented.

Under SST 2.0 the RM25 charge will be applied to each credit or charge card, regardless if it is a principal or supplementary card.

This post has been edited by xuexueli: Jul 22 2018, 07:22 AM

Any answer yet?

Coz i have around 8-10 credit cards, mostly unused and ready to cancel if kena SST

GG SST. That's the biggest blow for me up until now. Been using CC for fuel and cashback.

Alright, time to cancel Citibank credit cards

Last time it was RM50 for principal cards, RM25 for supplement cards, now reduced by half

shiiit, one maybank officer just called me this morning to help me apply their CC

oh sheet, gonna cancel now

Kanasai drink kopi starbak hari2 no problemo, RM25 a card a year so much ah ci ah chor.

just ask the bank to replace new card so can have longer expire date

to them 250 in ten years x 3 cards banyak tu.

Some people have many credit cards, especially those without annual fees or those where annual fees can be waived easily, just in case any promo pops up
Now all those will have to be cancelled
Some have a few cards from the same bank, one for points , the other for cash back, another is store specific
sometimes cards comes bundled together
all of those will have to be cancelled.
Having 10 or more credit cards is not unusual nowadays

Padan muka!

This is why I have mostly "free for life" CC.

i have 4 cards.. rm25x4 =rm100 per year wor..

3 cards rarely use, so.....

Confirm got charge?

Cancel

yup... gonna do that.... soon...

u say lost it

Most Starbucks drinkers are not old enoigh to own credit cards yet. Maybe you’re one of them?

Sohai la this sst thing.