The Goods and Service Tax (Rate of Tax) (Amendment) Order 2018 [P.U.(A) 118], gazetted on 16 May 2018, stated that the standard (6%) rate of Goods and Services Tax (“GST”) will be substituted with the zero (0%) rate as of 1 June 2018 (“Effective Date”). The Order does not apply to supplies that are exempt from GST. These will remain exempt in accordance with the Goods and Services Tax (Exempt Supply) Order 2014 and subsequent amendments. For GST registrants, compliance requirements remain in place. There will be further guidelines and clarification issued by the authorities to transition from GST to the new Sales and Services Tax (“SST”).
Hence, please be informed that any applicable GST as part of Inter-Pacific Asset Management Sdn Bhd services shall comply with the abovementioned implementation from the Effective Date. This change is applicable until further notice.
Please contact us at 03 – 2117 1888 or email to [email protected] should you have any queries or require further clarification on this matter.