QUOTE(faizalfaizal @ Sep 29 2025, 09:55 PM)
Expansion of Sales and Service tax (SST) on Specified Financial Services Fees and Charges.
Just received the above via e-mail. Does these include deposit and withdrawal for KDI Save?
From Google AI below but can anyone verify this?
SST and KDI Save
SST Impact: Starting October 1, 2025, Kenanga Digital Investing will charge an 8% service tax (SST) on management fees for specified financial services.
Applicability: The 8% SST will be applied to the management fees of the KDI Invest product, which typically incurs management fees for amounts above RM3,000.
No Impact on KDI Save: The KDI Save cash management account remains free of management fees and SST, as it is a cash management product.