Ipay88 will collect 6% Service Tax

Ipay88.com had put an announcement. The Royal Malaysia Custom Department (“RMCD”) RMCD contacted Ipay88.com and hold a stand that iPay88 payment gateway services are classified as IT services that fall in “Taxable Services” under Group G of Service Tax Regulations 2018 and hence subject to Service Tax.

A copy of the Service Tax Guide on Information Technology Services dated 9 August 2019 can download here

And Ipay88 will collect 6% Service Tax on iPay88 payment gateway services which include setup fee, maintenance fee and customisation fee with effect from 1st February 2020. Ipay88 exclude terminal rental from Service Tax.


Ipay88 putting their best effort to escalate this industry issue to Minister of Finance (“MOF”) to consider exemption of Service Tax on transaction fee and processing fee.

4 Popular E-commerce Payment Gateway Available in Malaysia

Comments

  1. After going through your contents I realize that this is the best of my knowledge as it provides the best information and suggestions. This is very helpful and share worthy. If you are looking for the best Maintenance Web Page then visit DP Websolutions. Keep sharing more.

    ReplyDelete
  2. I wanted to thank you for this great Information and knowledge, I definitely loved every little bit of it. I have you bookmarked your web site to check out the latest stuff you post. Your blog is eye-catching. I get pleasure from it. Thanks for sharing this beautiful piece of writing with me, get more information at Website Design And Development Company for more Metricoid Technology Solutions related information and knowledge.

    ReplyDelete

Post a comment