With effect from 1 March 2019, the intermediary brokerage fees with be subjected to 6% Malaysian Sales and Services Tax (SST). This is in accordance to the Service Tax Amendments 2019 released by the Royal Malaysian Customs Department, whereby taxable services will include brokerage and underwriting services.

Malaysian Stamp Duty and Clearing Fee are not subject to SST.

The SST will be applied to all Malaysian trades (both purchase and sale) and included under Foreign Fee Payable (FFP) in the contract note.