Dear Subscribers,
Zero-rated GST for i Capital Subscription effective 1 April 2018
We refer to the above matter.
The Malaysian Government has imposed a Goods and Services Tax (Zero-Rated Supply) (Amendment)(No.3) Order 2017 ("Zero-rate GST") which has come into effect on 1 January 2018. With the said amendment, the i Capital subscription will fall under the category of Zero-rated GST and will be subjected to 0% GST. We will implement the 0% GST effective 1 April 2018. Any 6% GST that we have collected from the i Capital subscriptions in January till March 2018 would still be payable to the Royal Malaysian Customs Department.
For your information, i Capital subscription was previously under the category of "standard rated supply" and was subjected to 6% GST, commencing from 1st April 2015.
However, please note that the delivery services provided by some of our delivery vendors are still subjected to 6% GST. The 6% GST charged by our vendors, if any, will be reflected in the tax invoice of your i Capital subscription.
The subscription price of i Capital will remain at the promotional rate of RM99 (Print + Online + eBook) and RM49 (Online + eBook) with the implementation of the Zero-rated GST. Subscribe or renew your i Capital now, while the promotion lasts.
Please do not hesitate to contact us at 03- 2070 2104/5 should you require any clarification on the above matter or your i Capital subscription.
Best wishes.
Tan Teng Boo
Managing Director
Capital Dynamics Sdn Bhd