Dear valued customers,

As notified earlier in our Important Notice Dated 25 Jun 2025, the Government of Malaysia has further expanded Sales and Service Tax (“SST”), with effect from 1 July 2025 for Phase 1, on certain fees and charges that financial service providers, including CIMB Bank Berhad and CIMB Islamic Bank Berhad, CIMB Investment Bank Berhad and CIMB Securities Sdn. Bhd. (collectively referred as “CIMB”), charge to customers. This is  consistent with the media statement from the Ministry of Finance (“MOF”) issued on 9 June 2025.

Following the implementation of the SST expansion for Phase 2, starting 1 October 2025, all other financial services not listed in Appendix A of the Service Tax Policy No. 1/2025 (Amendment No. 2) will be subject to the 8% service tax, unless they are specifically exempted or excluded.

For more details on the SST implementation:

a.    Visit the RMCD/Customs MySST website and refer to “Legislation & Guides > SST Guides > Industry Guides > Guide on Financial Services” or "Legislation & Guides > Legislation > Service Tax Policy > Service Tax Policy No. 1/2025 (Amendment No. 2)".

b.    Visit CIMB website and search “fees and charges” to view the updated list. You may also search “FAQ on SST” to access related FAQs.

We understand that these changes may affect your financial transactions, so we recommend reviewing them and adjusting your financial planning accordingly.

Thank you. 

The Management

CIMB Bank Berhad/CIMB Islamic Bank Berhad/CIMB Investment Bank Berhad/CIMB Securities Sdn Bhd