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What are Sales and Service Tax (SST)
When will the new 8% Service Tax take effect?
What are the products and fees will incur 8% SST?
How will the SST be calculated?
Do I need to pay SST when switching funds?
Where will the SST payment details appear?
If I exercise the cooling-off right or void my order, how will the service tax (SST) be refunded to me?
For product that exempted from SST, how long will the exemption last?
I am investing in PRS funds. Will SST be applicable to purchases and switching transactions?
I am transferring a PRS fund to a different provider. Will I incur any SST?
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What are Sales and Service Tax (SST)

Sales and Service Tax (SST) consists of sales tax and service tax.

In compliance with the latest regulation issued by the Royal Malaysian Customs Department, an 8% Sales and Service Tax (SST) on financial services will be effective from 1 October 2025.

As a licensed investment platform, FSMOne Malaysia is required to impose service tax on applicable services in accordance with the prevailing tax regulations.

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