Service Tax Credit Card

In the event a credit card being upgraded or downgraded or converted or reinstated service tax will be charged as it would be considered as a new card being issued.

Service tax credit card. Yes service tax is charged even when no annual membership fee is levied. Will my card be charged if my credit card is without annual membership fee. Under sst 2 0 the rm25 charge will be applied to each credit or charge card regardless if it is a principal or supplementary card.

If i increase my credit limit will service tax be charged. A upgraded for example classic card to gold card b downgraded for example gold card to classic card c converted for example visa credit card to mastercard credit card or co branded card to generic card or vice versa. I new card issued with a validity period for 1 year service tax shall be imposed on the date the card is issued.

Service tax will not be charged for credit limit increase. Yes service tax will be imposed in the event a credit card is. Under the old service tax model a service tax of rm50 a year on each principal credit card and charge card and a service tax of rm25 a year on each supplementary card was implemented.

Service tax of rm25 will be charged on each new primary and supplementary credit cards upon activation of the credit card. However this could lead to a drop in the number of credit and charge cards being used just as it did the last time such a tax was introduced. There are three methods for the imposition of service tax.

For existing credit cardholders service tax of rm25 will be charged on the anniversary month of each of your primary and or supplementary credit cards.