Dear valued Customers,
We wish to inform you about an upcoming change in the Service Tax rate that will impact our billing and invoicing processes.
As per the recent announcement by the Malaysia Ministry of Finance (MOF) during the Budget 2024 presentation, there will be a modification in the Service Tax rate (SST), increasing it from 6% to 8%, effective March 1, 2024.
For detailed information regarding this adjustment and its implications, we encourage you to refer to the official announcement on the Royal Malaysian Customs Department’s website at https://mysst.customs.gov.my/.
This is therefore, starting March 1, 2024, all forthcoming invoices issued by E-SPIN Malaysia – E-SPIN Sdn Bhd will reflect the revised 8% tax rate. Please note that any payments received on or after this date will be subject to the updated rate.
To ensure a smooth transition and to avoid any potential discrepancies, we highly advise our customers to settle any invoices dated prior to March 1, 2024, in advance. This proactive measure will allow you to retain the current 6% Service Tax rate on those invoices.
We appreciate your cooperation and understanding as we navigate through this change together. If you have any questions or require further clarification, please do not hesitate to contact us.
Thank you for your constant support and understanding. We look forward to serving you with our high-quality products and services.