Tax on credit cards set to raise RM255mil for govt coffers


PETALING JAYA: The RM25 service tax on credit cards and charge cards is expected to add around RM255mil annually to government coffers.

The assumption is based on the number of credit cards and charge cards in circulation at the moment – 10.2 million.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Government , SST

   

Next In Nation

Floods: 1,400 cops on standby in Perak for relief efforts
Floods: Over 100 Kuala Kedah homes hit by high tide phenomenon
Scam loss 'recovery service' is just another con, says Bukit Aman
GISB case: Childcare assistant seeks review of charges in Seremban
Harsher penalties needed for child abduction, says crime watchdog
UKM denies claims it bars staff from commenting on govt policies
Floods alert: 3,880 victims still in 28 shelters
Sabah-focused approach needed to tackle statelessness issues, says SLS
Stay vigilant against tiger attacks on East-West Highway, says Perhilitan
MIC urges govt to declare additional holiday for Deepavali

Others Also Read