Blog: [转帖] 取消50令吉服务税 信用卡年费料收6%GST

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2 comment(s). Last comment by 90754248 2014-10-23 16:48

博文郑

384 posts

Posted by 博文郑 > 2014-10-23 13:29 | Report Abuse

Usually annual fees can be waived...

90754248

104 posts

Posted by 90754248 > 2014-10-23 16:48 | Report Abuse

Extracted from GUIDE ON COMMERCIAL BANKING)

Credit, Debit or Charge Card
Q18: Most banks waive the annual subscription fee on the credit card to make
it competitive in the market. Is the waived annual subscription fee subject to GST?

A18: Since there is no consideration for the supply of service, the bank need not charge GST on the waived annual subscription fee.

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