Banks assure public basic services unaffected by new service tax


KUALA LUMPUR: Member banks of Malaysia’s banking associations have assured the public that the upcoming expansion of the service tax scope, effective July 1, 2025, will not affect basic banking services commonly used by the general public.

This followed the recent gazettement of the service tax legislation concerning the expansion of service tax scope.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Sunway’s surprise bid puts IJM in play
Luxury real estate trends in 2026
Jakarta set to rise
China’s gold rush continues
Enhance local content terms
Singapore roars into the new year
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences
FROM BANGSAR TO BEYOND
Asia to lead next AI wave

Others Also Read