Important Notice on the Implementation of Services Tax (ST)
Dear Valued Customers,
Please be informed that the Service Tax will be implemented by the Government of Malaysia at the rate of six (6) per centum effective 1 September 2018.
Pursuant to the above, the Service Tax will be made applicable to the following products.
- Family Takaful products provided to business organizations; and
- General Takaful products provided to business organizations or individuals except for Medical Takaful products provided to individuals.
Takaful Malaysia reserves the right to collect from our customers an amount equivalent to the Service Tax payable on the applicable contribution for the cover period. In the event where the cover period commences before but expires after 1 September 2018, we will collect an amount equivalent to the Service Tax payable on the applicable contribution calculated from 1 September 2018 on a pro-rated basis.
Your obligation to pay the Service Tax falls under the laws governing Service Tax as per the Service Tax Act, 2018 and all Regulations passed by the Government of Malaysia from time to time.