How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask bigduckontax Your Own Question
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4808
Type Your Tax Question Here...
bigduckontax is online now

Online transfer from my offshore account in an UK Bank to my

This answer was rated:

Online transfer from my offshore account in an UK Bank to my bank account in Kuala Lumpur, Malaysia. Is there VAT commission to be paid?
Hello, I am Keith, one of the Experts on Just Answer, and pleased to be able to help you with your question. As far as the UK is concerned no, banking is an exempt activity within the VAT regime. Malaysian GST [their VAT] is modeled on the Singapore equivalent [with a few add ons]. Bank transfers appear exempt from GST I do hope my reply has been of assistance.
bigduckontax and other Tax Specialists are ready to help you

Thank you for your excellent support.