Partner’s revenue takeback for FavePay payments is calculated as below according to each country:
Malaysia
Revenue = Total Bill — (FavePay Cashback Earned + Fave Commission + SST on Fave Commission)
Effective Feb 1, 2020, all standard-rated sales and services tax (SST) in Malaysia will be increased from 0% to 6% in accordance with the Ministry of Finance Malaysia.
Singapore
Revenue = Total Bill — (FavePay Cashback Earned + Fave Commission + GST on Fave Commission)