Funding Societies Malaysia

It implies for both - Investors & Issuers

SST (Sales & Service Tax)

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Question	Answer
What is SST and why is it being charged?	SST (Sales & Service Tax) is a Malaysian government tax of 8% on certain services. We are legally required to collect it on specific fees and remit it to the authorities.
Who will be affected by SST?	Both Investors and Issuers: -Investors: SST applies to service fees deducted from investment returns. - Issuers: SST applies to utilisation fee (for conventional products), drawdown fee (for shariah-compliant products), guarantee fees, facility fee (for conventional products) and/or administrative fees charged at financing disbursal.
When will SST be applied?	SST will apply starting 1 November 2025. Any new fees incurred from this date will include SST.
How does SST affect my returns (for Investors)?	SST is charged on top of service fees. This means your net returns will be lower by the SST amount. Example: RM100 service fee → RM100 + RM8 SST deducted.
How does SST affect my financing disbursal (for Issuers)?	SST is charged on top of the Issuer’s fees. This means your net disbursed financing amount will be lower, as SST will also be deducted. Fees where SST applies: Utilisation Fee (for conventional products) Guarantee Fee Drawdown Fee (for shariah-compliant products) Administrative / Facility Fee Restructuring Fee Other revenue-related fees that fall within the scope of RMCD’s taxable list Fees not subject to SST: Interest (for conventional products) Late Payment Interest (for conventional products) Early Repayment Fees (for conventional products) Profit (for shariah-compliant products) Late Payment Charges (for shariah-compliant products) Prepayment Fees (for shariah-compliant products) For Example: If your conventional financing includes a Utilisation Fee of RM1,000 → an additional RM80 SST will be deducted, and RM1,080 will be shown as total fees.
Where can I see the SST charges?	SST will be shown as a separate line item in your: - Account Statements (summary + detailed transactions) - Investor Webapp (Overview & Portfolio tabs)
Does SST apply to all fees?	No. SST applies only to the specific fees mentioned earlier. Charges such as interest, profit, early repayment, prepayment fee penalty, and late payment fees are exempt from SST.
Does this mean you are introducing new fees?	No. SST is a government-mandated tax. We are not adding any new fees — only applying SST on existing fees as required by the law.
Who collects and benefits from SST?	SST is collected by us on behalf of the Royal Malaysian Customs Department (RMCD). 100% of SST collected is remitted to the government.
Where can I get more help?	Contact our support team at [email protected].