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No SST for Everyday Banking: Transfers, E-Wallets, and ATM Fees Remain Exempt

If you've been worried about getting taxed for withdrawing cash or using your e-wallet, rest easy—basic banking services will not be affected by the expanded Sales and Service Tax (SST). That's the official word from Malaysia's key banking associations, who issued a joint clarification on 26 June 2025 to clear up confusion surrounding the SST expansion.

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