Based on the Service Tax (Amendment)(No. 3) Regulations 2018, any fees or commissions charged on services relating to financial services for the use or provision of brokering and underwriting is subject to service tax at 6% effective from 1 January 2019.

However, the Royal Malaysian Customs Department has announced through their website on 31 December 2018 that the effective date for charging service tax on brokerage and underwriting services is effective from 1 March 2019.

Kindly contact your respective Dealer's Representative (''DR'')/Branch Manager/Branch Head of Operations should you have any further enquiries.