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Malaysia Tax Information

10% sales / 8% service

SST: 10% sales tax on goods, 8% service tax. GST was abolished in 2018.

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Malaysia

SST registration number
Business registration
Client details
SST breakdown
Total in MYR

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

CashNet 30Net 60End of Month

Payment Methods in Malaysia

Bank TransferDuitNowFPXCredit CardTouch 'n Go

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor invoices in Malaysia?

Malaysia has 10% sales / 8% service. SST: 10% sales tax on goods, 8% service tax. GST was abolished in 2018.

What payment methods are common for financial advisors in Malaysia?

Common payment methods in Malaysia include: Bank Transfer, DuitNow, FPX, Credit Card, Touch 'n Go. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Malaysia?

Your invoice should include: SST registration number, Business registration, Client details, SST breakdown. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

Does Malaysia have GST?

No, GST was abolished in 2018. Malaysia now uses SST.