Tag Archives: Government Services Tax

What Do You Think About 6% Government Service Tax?

Effective from Jan 1, 2011, our government increases the Goods and Service Tax on all taxable services to 6% in order to generate extra tax revenue for our country development.

GST-Goods-Service-Tax

With this move, it will impact a great number of service industry. You may probably feel the effect of increasing service tax, you need to pay more money when visiting the fast food restaurants, or when you pay your telephone bills. However, this rate is not applicable to our credit cards where the service tax is charged at RM50 yearly on principal cards and RM25 for supplementary cards.

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