No SST on credit cards please!
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According to the Royal Malaysian Customs website, there will be a RM25 service tax to be imposed on each credit card with the implementation of SST 2.0.
We hereby appeal to Pakatan Harapan Government to reconsider this.
There should be no service tax to be imposed on credit cards for the following reasons:-
(1) It does not achieve the Governments aim of promoting prudent spending;
(2) Most have multiple cards to save some money. Each card has specific benefits and as such will need multiple cards to ensure maximum money saved.
(3) Not in line with government's aim to promote progress towards a cashless society.
In 2009, when BN government proposed SST on credit cards, YB Lim Guan Eng was totally against it. Please see article from the Star:-
YB Lim Guan Eng who is now our Finance Minister should remain consistent.
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