{"id":35638,"date":"2018-09-06T13:12:22","date_gmt":"2018-09-06T05:12:22","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=35638"},"modified":"2018-09-06T13:38:46","modified_gmt":"2018-09-06T05:38:46","slug":"finance-minister-says-prepaid-top-ups-exempt-sst","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/finance-minister-says-prepaid-top-ups-exempt-sst","title":{"rendered":"Finance Minister Says Prepaid Top Ups Are Exempt From SST"},"content":{"rendered":"<p>Finance minister Lim Guan Eng clarified the issue surrounding SST charges on prepaid top ups. Saying that prepaid services are exempt from taxes; giving consumers the full amount of credit for which they paid.<\/p>\n<p>Telcos had been uncertain as to where prepaid top ups lay in the scheme of the newly implemented SST. At first deduction the 6% tax from the value of the top up, and then only retracting the charges when consumers began to complain.<\/p>\n<p>According to the government, prepaid services are exempt from certain taxes the\u00a0Section 34(3)(a) of the Service Tax Act 2018; which will be enforced from September 6.<\/p>\n<p>The exemption is meant to help telcos which are having issues adapting their prepaid systems to the new tax structure.<\/p>\n<p>This announcement should put to rest questions about the validity of taxing prepaid cards, and whether doing so actually devalues the amount paid for the top up.<\/p>\n<p><a href=\"https:\/\/www.nst.com.my\/news\/nation\/2018\/09\/408444\/mobile-prepaid-services-exempted-sst-says-guan-eng\" target=\"_blank\">[Source]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>That settles this matter.<\/p>\n","protected":false},"author":36,"featured_media":21055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[],"class_list":["post-35638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prepaid Top Up Cards Are Exempt From SST Charges<\/title>\n<meta name=\"description\" content=\"Finance Minister Lim Guan Eng has clarified the matter and called on telcos to sort it out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/finance-minister-says-prepaid-top-ups-exempt-sst\" \/>\n<meta property=\"og:locale\" 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