Service Tax Revision from 6% to 8% Effective 1st March 2024

Please be informed that revised Service Tax at 8% will be applicable effective 1st March 2024 for general insurance policies.  

In accordance with Draft Guide on the Transitional Rules for the Change in the Service Tax Rate (Draft Guide) (also known as Draf Panduan Peralihan Perubahan Kadar Cukai Perkhidmatan in the National Language) was made available on the Royal Malaysian Customs Department (RMCD) website1 on 7th February 2024, any payment made before 1st March 2024 for a taxable service that will be provided effective 1st March 2024 will be remained at current 6% service tax.

For more information, please refer to this link.

For further details, please refer to our FAQs here.

  

We appreciate your cooperation during this transition period. If you have any questions or need further clarification, please feel free to reach out to our Contact Centres at:

Liberty Contact Centre: 1 300 888 990 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Kurnia Contact Centre: 1 800 88 3833 | This email address is being protected from spambots. You need JavaScript enabled to view it.

AmAssurance Contact Centre: 1 800 88 6333 | This email address is being protected from spambots. You need JavaScript enabled to view it.

  

Thank you.

 

 

 

1 This draft guidance was published on 7th February 2024 at URL: https://mysst.customs.gov.my. The relevant legislation has yet to be gazetted and in turn, such provision remains under the review of the Minister of Finance (MoF).

Relocation of Taiping Branch

As part of our efforts to continuously enhance the customer experience and service quality for all our partners and customers, we are pleased to announce that the Taiping branch has relocated to a new location on 20 November 2023.

The new location details are as below:
 
Address: No 36, Jalan Maharajalela, 34000, Taiping, Perak
Phone Number: 05- 8072254

We believe that these efforts will play a significant role in our aspiration to become the Leading General Insurer in Malaysia. 
 
Thank you for your support.

UniKl, Liberty Promise To Prep The Next Generation For Malaysia’s Insurance Industry

UniKl, Liberty Promise To Prep The Next Generation For Malaysia’s Insurance Industry

Liberty General Insurance Berhad (Liberty) and Universiti Kuala Lumpur (UniKL) have collaborated to carve a brighter future for UniKL students. The collaboration was formed to foster the spirit of education and youth development, and represents a significant step towards equipping the next generation with the knowledge, skills, and opportunities they need to thrive in the dynamic landscape of Malaysia’s insurance industry.

Chief Executive Officer, Mr. Puneet Pasricha (Pasha), representing Liberty said, “We at Liberty are thrilled to embark on this transformative journey with UniKL as a significant part of our Environmental, Social and Governance (ESG) initiatives. Our commitment to nurturing the talents of tomorrow runs deep in our corporate DNA, and this is a testament to that commitment. More than just merely providing insurance; we see it as our responsibility to build a brighter, more prosperous Malaysia.”

He further added, “By investing in the future of UniKL students, we are not only enriching their lives but also strengthening the very fabric of this nation. This collaboration, therefore, is not just about educational initiatives; it’s about igniting the flames of entrepreneurship, instilling practical skills, and preparing students to become the leaders of tomorrow’s insurance industry.”

Sharing the same sentiment, Dean of Business School, Prof. Dr. Naziruddin Abdullah, representing UniKL said, “Today marks the start of an exciting journey for UniKL and our students. With the support of Liberty General Insurance Berhad, our students will gain invaluable insight and unrivaled industry exposure. This aligns with our mission to empower future leaders who will shape the destiny of Malaysia. Together with Liberty, we envision a future where our students not only excel academically but also thrive in the dynamic world of insurance and entrepreneurship.”

This collaboration is a new journey for UniKL students, especially for those in business-related and technical disciplines. Through this collaboration, Liberty and UniKL will provide a myriad of educational and career opportunities, reinforcing UniKL’s position as a hub for innovation and growth.

This collaboration introduces educational initiatives, an Entrepreneurial Development Program, practical experience opportunities, and the establishment of a UniKL Incubator managed by students, bridging the gap between academia and industry. Liberty and UniKL are dedicated to creating a brighter and more secure future for Malaysia’s youth, contributing to the nation’s growth and prosperity.


Related News

Liberty-logo

Contact Us

1300 888 990 or 03-2619 9000
customer@libertyinsurance.com.my

24/7 Emergency Roadside Assistance
1-800-88-5005
1-800-18-5423 (for Honda Vehicle Owners)

24/7 Worldwide Emergency Medical
or Travel Advice Assistance
Hotline 603 7965 39 77

Connect With Us

 

Liberty-logo