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)