64195

Development financial institutions (with deposits taking functions)

ItemLevel 5Use for SSM Registration

SST & Withholding Tax

SST Exempt
e-Invoice Required

Risk Level

Low Risk

Development financial institutions (with deposits taking functions)

Includes

“Development Financial Institution” means an institution which carries on any activity, whether for profit or otherwise, with or without any Government funding, with the purpose of promoting development in the industrial, agricultural, commercial or other economic sector, including the provision of capital or other credit facility; and for the purposes of this definition, “development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture.

e-Invoicing (MyInvois)

MSIC code 64195 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

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