Service Tax (SST) Implementation Notice – Effective 1 March 2026
Service Tax (SST) Implementation Notice – Effective 1 March 2026
Effective 1 March 2026, ACOM (M) Sdn. Bhd. will implement Service Tax (SST) in accordance with the Service Tax Act 2018 and the regulations issued by the Royal Malaysian Customs Department (“RMCD”).
Under the applicable regulatory requirements, an 8% Service Tax will be charged on attestation fees (inclusive) for applicable successful loan services subject to Malaysian applicable law beginning from the effective date.
This tax is imposed in line with Malaysia’s prevailing SST legislation and is required for businesses providing taxable services under the law.
What is Sales and Service Tax (SST) in Malaysia?
Sales and Service Tax (SST) is Malaysia’s indirect taxation system administered by the Royal Malaysian Customs Department (“RMCD”)
The SST system consists of two components:
1. Sales Tax
· A tax imposed on taxable goods manufactured locally or imported into Malaysia.
2. Service Tax
· A tax imposed on prescribed services provided by registered service providers.
Currently, the Service Tax rate is generally 8% for most taxable services, depending on the category defined under Malaysian tax regulations.
Businesses registered under SST are responsible for collecting the tax from customers and remitting it to the government in accordance with RMCD guidelines
- The tax applies only to applicable successful loan services
- The applicable 8% Service Tax rate is prescribed under Malaysian tax legislation.
- The tax collected will be remitted to the government through RMCD
ACOM (M) Commitment to Compliance
ACOM (M) Sdn. Bhd. remains fully committed to:
- Compliance with Malaysian tax laws and regulations
- Transparency in service charges and taxation
- Adhering to requirements set by the Royal Malaysian Customs Department
The implementation of Service Tax reflects our ongoing responsibility to operate in accordance with national regulatory standards.
Contact Us for More Information
For further information or clarification regarding the implementation of SST, customers are encouraged to contact us through our official communication channels.
