Tax on credit cards set to raise RM255mil for govt coffers


PETALING JAYA: The RM25 service tax on credit cards and charge cards is expected to add around RM255mil annually to government coffers.

The assumption is based on the number of credit cards and charge cards in circulation at the moment – 10.2 million.

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RM 13.90/month

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RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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