Dear Valued Customers,
With effect from 1 April 2015, the Goods & Services Tax (GST) at the rate of 6% will be imposed to our fees and charges where applicable, in accordance to the Goods & Services Tax Act and related GST laws. Our revised fees and charges will be made available at all AmBank / AmIslamic Bank branches and on the AmBank Group website before 1 April 2015.
Kindly be informed that our relevant Facility Agreements / Terms and Conditions of the Facility / Service will be amended to incorporate the following GST Clauses:
• The parties agree that any fee, price, value, revenue or similar amount to be used in the calculation of the fee and any other monies payable under this Agreement and / or Terms and Conditions and / or Letter are exclusive of Goods & Services Tax ("GST") as may be applicable under the provision of the GST Law and such GST shall be borne by the Customer.
• The term “GST” means any tax payable on the supply of goods, services or other things in accordance with the provisions of the GST Law and the term “GST Law” means the Goods and Services Tax Act 2014, subsidiary legislations, statutory orders and regulations governing the application of GST, as amended from time to time.
We thank you for your continuous support and should you require more information on GST, please refer to the links below or visit the Royal Customs website at www.gst.customs.gov.my for more information.
Frequently Asked Questions (FAQ)
AmBank Group List of GST Registration Numbers
Thank you for banking with Your Bank. Malaysia’s Bank. AmBank.™