KUALA LUMPUR: The
Employees Provident Fund (EPF) has informed its members that the goods
and services tax (GST) will not be imposed on EPF withdrawals.
In a press release on Thursday, the EPF also
advised its members not to appoint any agents or third parties to help
in withdrawals.
“Members who meet the requirements are advised to deal directly with the EPF to make withdrawals,” it said.
On the EPF Members Investment Scheme, it would not impose GST on the amount transferred for investments.
Under this scheme, EPF members are allowed to transfer a part of
their EPF money to undertake investments in the unit trust funds
approved by the company.
However, EPF advised members to understand the costs and risks
involved as well as seek advice from qualified advisors before taking
part in the scheme.
