What is the government service tax on credit cards?
The government announced that in the 2010 budget speech an annual service tax will be charged upon all credit card users.
A service tax of RM 50 for each principal credit card and RM 25 for each supplementary card.
Conclusion
The most affected people will be the middle class people. The poor does not have credit cards, the rich does not care about the service tax.
Couldn’t be sure why the government is imposing this tax suddenly but my 2 cents tell me that, they are running low in funds!
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