Dear Valued Customer,
Following the recent gazettement of the Service Tax Regulations, the scope of Service Tax will be expanded to include selected financial services, effective 1 July 2025. The implementation will be carried out in phases.
In line with this, Alliance Bank Malaysia Berhad and its subsidiaries (“Alliance Bank”) will be applying an 8% Service Tax on applicable financial services, in accordance with the Guidelines on Financial Services issued by the Royal Malaysian Customs Department (RMCD).
We are committed to supporting this regulatory direction and will take all necessary steps to ensure a smooth and transparent implementation for our customers.
Alliance Bank will continue to monitor regulatory developments closely and will keep you informed of any updates as they become available.
For further information on the expanded SST scope, please refer to the Guidelines on Financial Services issued by RMCD: SST Guidelines for Financial Services
Thank you for your continued trust and support.
