Goods and Services Tax
With the implementation of the Goods and Services Tax (GST) scheduled for 1 April 2015, please be informed that certain goods and / or services supplied by the Bank to you may be subject to GST.
Where applicable, you will be required to pay fees and charges and the chargeable GST with effect from 1 April 2015. In addition, where the Bank provides taxable supply of goods or services for a period, or progressively over a period, before 1 April 2015 and which ends on or after 1 April 2015, the portion of the supply which is made on and after 1 April 2015 will be subject to GST. Accordingly, you will be invoiced for the portion payable or your account with the Bank will be debited together with the GST amount payable, if any.
Please log on to the Royal Malaysian Customs' website at www.gst.customs.gov.my for more information on GST.