In line with the Government’s announcement on the expansion of the Service Tax (“ST”) to cover financial services, an 8% Service Tax will apply to certain fees charged by unit trust funds in Malaysia, effective 1 October 2025.

Maybank Asset Management Sdn Bhd and Maybank Islamic Asset Management Sdn Bhd would like to inform you of the changes to the Service Tax that will affect selected fees and charges of our funds.

Applicability of Services Tax

• Annual Management Fee (“AMF”):

  As part of the industry-wide SST requirement, the 8% Service Tax on AMF will be charged to the funds and reflected in the fund’s Net Asset Value (“NAV”).

• Sales Charge:

  Where sales charge is applicable for relevant funds, the sales charge will be subject to the 8% Service Tax.

• Other Charges (if applicable):

For any questions or clarifications, please contact MAM Client Services at mamcs@maybank.com or +603-2297 7888.