6% Digital Tax on Facebook Ads in Malaysia starting 1 Jan 2020

Beginning 1 January 2020, Facebook ads in Malaysia are subject to a 6% service tax. This affects advertisers whose "Sold To" country on their business or personal address is set to Malaysia.

The service tax is added whenever you're charged for your ads regardless of whether you're purchasing Facebook ads for business or personal purposes. If you pay for Facebook ads with a manual payment method, the tax will be applied when your ad account is funded.

Example...

As an example, let's say that you were recently charged $100 because you reached your $100 billing threshold. The subtotal for the charge will be for $100 in ad costs, and then a 6% service tax will be added on top of that, so you'll pay $106.00 in total for that charge ($100 + $6 = $106). Because service tax is added on top of charges, you won't reach your billing threshold faster, but you may be charged more than your billing threshold amount.

Bear in mind that Facebook isn't able to give tax advice. If you have any questions about taxes, we suggest contacting your local tax advisors or tax authorities.

Follow our active updates via Facebook @FinanceMalaysia

How to Download Touch'nGo Statements via app? Got 2 Types of Statements?

Scared that you can't download Touch'nGo statements for the company's employee benefits claims?

Or, for income tax expenses filing purposes?

Don't know how to download it?

Previously, you can log in to the MYTouchnGo web portal to download the transaction history. But, many of us will find it difficult to access the web portal ever since mobile application e-wallet was born.

Why don't we download the statements via the Touch'nGo e-wallet app directly?

It's much easier and convenient to do so...

Step 1:

How Good/Bad Does Malaysia Economy Fares in 3Q19 ?

Economic and Financial Developments in the Malaysian Economy in 3Q2019

The Malaysian economy expanded by 4.4% in the third quarter

 Key Highlights

8 Reasons why you should use MyGroser? (Good Offer Inside this article)

MyGroser is a convenient, quick, simple, easy, and rewarding way for you to order the freshest groceries, everyday essentials, dry items, packaged goods, and other common items found in your neighbourhood supermarket, hypermarket, or corner convenience store. 

Order what you need - and have it delivered when you want it.

You can order for your personal needs, for your family, or order in bulk for your corporate pantries online at www.mygroser.com or through their iOS and Android apps.

Reap the most benefits from the new service offered as per below 8 Reasons:

11 Tips to get the Most out of 11.11 Singles Day

Singles' Day (11.11) = 11 November.
What does this mean?

It means the year's best sales are on this day. From discounts and coupons to flash deals and free shipping, shop till you drops on 11.11.

Are you ready?

Check out these helpful tips before giving in to impulse shopping: