Credit Card Service Tax Waiver

However you may opt to pay the annual service tax using your maybank treatspoints or membership rewards sm points once the service tax is charged into your card account.

Credit card service tax waiver. You may request to waive your annual fee finance or late charges. Of india has decided to waive off service tax applicable on sub rs 2000 card based transactions this is applicable for both debit and. In one of the major victories for a cashless economy govt. Similar to service tax on other services imposed by and payable to the malaysian government the credit card service tax cannot be waived by the card issuers including aeon credit.

The fact these companies hide that the waiver doesn t include the service tax that adds on to the surcharge as mentioned above in the formula amount x fuel surcharge service tax on surcharge. The existing effective period of the card will not be subject to service tax of rm25 until the next annual renewal. The bank will review your waiver eligibility and an sms will be sent to your registered handphone number within 3 working days. There exist many credit cards in the market who claim that using their company s credit card would give you the advantage of fuel surcharge waiver.

Simply provide the 16 digits of your principal credit card number. Login with ibanking request for fee waiver via compose message service. Service tax waiver is not allowed as this is a regulation governed by service tax act 2018. Press 2 for fee waiver request.

Credit card fee waiver. As the principal cardmember you can request for fee waiver via phone service for your supplementary card. In other words the service tax of rm25 on each credit or charge card that an individual owns will be charged upon renewal of the card. The waiver request will be assessed based on the principal credit card account you have provided together with the supplementary card accounts linked to it.

Press 1 for credit card fee waiver or press 2 for cashline fee waiver. You may request to waive your annual fee or late charges. If you don t have a phone banking pin press 1. However the value of cashback rebates and other benefits with aeon credit card features or under periodic promotions may.