Updates on Service Tax (SST) Implementation
Kuala Lumpur, 23 September 2025
Following the latest updates from the Royal Malaysia Custom Department of Malaysia (“RMCD”) on September 17, 2025, Hong Leong Bank Berhad and Hong Leong Islamic Bank Berhad (“HLB” or “the Bank”) will be extending the 8% SST to all applicable financial services that are charged for fees, commissions, or similar payments starting October 1, 2025.
Phase |
Effective date |
Services subject to 8% SST |
|---|---|---|
1 |
1 July 2025 until 30 September 2025 |
Specific fees, commissions or similar payments listed in the Appendix A of the Service Tax Policy 1/2025. |
2 |
1 October 2025 |
All applicable financial services that are charged for fees, commissions, or similar payments, unless specifically exempted. |