Kempen Hijaukan Alam Sekitar Bersempena dengan Hari Raya Aidilfitri 2018: Pemberian Duit Raya Penuh Bererti tanpa Mengira Duit Baharu atau Lama

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GST Rate Changes from 6% to 0%

The Ministry of Finance (“MOF”) has announced that the Good and Services Tax (“GST”) standard rate will be changed from six percent (6%) to zero percent (0%) effective 1st June 2018. As such, all services rendered and billed by India International Bank after 1st June 2018 will not attract GST. However, services rendered before 1st June 2018, but charged (debited) to your account after 1st June 2018, will still attract GST at standard rate of six percent (6%).

In addition to the above, India International Bank will continue to comply with the provisions under the GST Act 2014 until further notice, which includes the issuance of tax invoices to our customers, albeit at the standard rate of zero percent (0%).

For a revised list of fees and charges following the GST rate change, please visit the “Banking Fees” section on our website at www.indiainternationalbank.com.my. However, please note that this list is not exhaustive.

Further information on the GST rate change can also be obtained from the Royal Malaysian Customs Department website at www.gst.customs.gov.my.

Should you require any clarification, please do not hesitate to contact us at + 603 2026 1767 or email us at cs@iibm.com.my