Good news to all prepaid users in Malaysia!
According to a report by The Malay Mail Online, Malaysian prepaid customers will enjoy a GST rebate for a Goods and Services Tax (GST) rebate for one whole year, effective 1st January 2016.
The Communication and Multimedia Consumer Forum of Malaysia (CFM) said in a statement yesterday (28th December) that the rebate, which is equivalent to the GST, would be credited directly to customers’ prepaid accounts. For example, a customer who tops up RM10 will initially get an airtime of RM9.43, but will be given a rebate of 6% GST (57 sen) in 24 hours.
“Customers will receive the rebate within 24 hours. The GST that was paid by Malaysian prepaid users will be collected and paid to the Royal Malaysian Customs, in accordance with the GST law and guidelines for all goods and services consumed,” it added.
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The CFM also said that after 1st January, service providers will be given 15 days to ensure that all their dealers and agents will sell old prepaid reload stocks at the original price.
Finance Minister Datuk Seri Najib Tun Razak announced the rebate when tabling Budget 2016 in Parliament earlier in October this year. He said that the Government realised that many mobile phone users especially youths depended on the prepaid services.
For more information about the GST rebate, visit the CFM website.
Sources: The Star Online, The Malay Mail Online.
