SALES AND SERVICE TAX ANNOUNCEMENT

The Ministry of Finance announced that the Sales and Service Tax (“SST”) will replace the Goods and Services Tax (“GST”) effective 1 September 2018.

Please be advised that provision of management services by asset and fund managers are classified as non-taxable management services as listed in the Service Tax 2018 Guide on Management Services published by the Royal Malaysian Custom Department on 25 August 2018.

As such, all fees charged by Inter-Pacific Asset Management Sdn Bhd are no longer charged for GST and are not subject to SST from 1 September 2018 onwards.

If you like to seek further clarifications on the above matter, you may contact us at (603) 2117 1888 or email us at [email protected]

Thank you.