Beginning from 1 January 2021 until 30 June 2021, the Government has approved an ICPT rebate of 2.00 sen/kWh for all customers including domestic customers with monthly consumption of 300kWh and below.
The service tax will stand at 6% and it would be levied on specific prescribed services provided by a taxable person in the course or furtherance of a business in Malaysia. Electricity is one of the taxable services
ICPT stands for Imbalance Cost Pass-Through. It is an adjustment of the electricity tariff based on current electricity generation costs, fuel prices and exchange rates, to be updated every six (6) months