Goods and Services Tax (GST) Rate change to Zero Percent (0%)
Dear Valued Customers,
The Ministry of Finance (“MOF”) has announced that the Good and Services Tax (“GST”) standard rate will be changed from six percent (6%) to zero percent (0%) effective 1st June 2018. As such, all services rendered and billed by Maybank Investment Bank after 1st June 2018 will not be subjected to GST. However, services rendered before 1st June 2018, but charged (debited) to your account after 1st June 2018, will still be subjected to six percent (6%) GST.
In addition to the above, Maybank Investment Bank will continue to comply with the provisions under the GST Act 2014 until further notice, which includes the issuance of tax invoices to our customers, albeit at the standard rate of zero percent (0%).
Further information on the GST rate change can also be obtained from the Royal Malaysian Customs Department website at www.gst.customs.gov.my.
Should you require any clarification, please do not hesitate to contact your dealers or our Retail Brokerage Helpdesk at 1300223888 (Toll Free) or 60379624338 (Overseas).
We take this opportunity to thank you for your continued support.