Bursa CEO: GST on services rendered only

Tajuddin flanked by Bursa director of regulations Selvarany Rasiah (left) and director of corporate services Rosidah Baharom at Bursa Malaysia’s 38th AGM in Kuala Lumpur.

KUALA LUMPUR: The 6% goods and services tax (GST) will not be imposed on securities, but only on the services rendered during a transaction, said Bursa Malaysia chief executive officer Datuk Tajuddin Atan.

“GST is charged on the transaction cost and not on the value of the shares that an investor is buying,” Tajuddin told reporters during a break at Bursa Malaysia’s 38th AGM here yesterday.