Please be informed that revised Service Tax at 8% will be applicable effective 1st March 2024 for all general insurance policies.
In accordance with Draft Guide on the Transitional Rules for the Change in the Service Tax Rate (Draft Guide) (also known as Draf Panduan Peralihan Perubahan Kadar Cukai Perkhidmatan in the National Language) was made available on the Royal Malaysian Customs Department (RMCD) website1 on 7th February 2024, any payment made before 1st March 2024 for a taxable service that will be provided effective 1st March 2024 will be remained at current 6% service tax.
For more information, please refer to this link.
For further details, please refer to our FAQs here.
We appreciate your cooperation during this transition period. If you have any questions or need further clarification, please feel free to reach out to our Contact Centres at:
Liberty Contact Centre: 1 300 888 990 | customer@libertyinsurance.com.my
Kurnia Contact Centre: 1 800 88 3833 | customer@kurnia.com
AmAssurance Contact Centre: 1 800 88 6333 | customer@amassurance.com.my
Thank you.
1 This draft guidance was published on 7th February 2024 at URL: https://mysst.customs.gov.my. The relevant legislation has yet to be gazetted and in turn, such provision remains under the review of the Minister of Finance (MoF).
