Low Value Goods News Today

AN INDEPENDENT think tank wants the government to reintroduce GST in place of the SST, saying GST was the preferred choice of taxation for various business associations due to its transparency and fairness.

PETALING JAYA: While the govern­ment has given some information on the 10% sales tax for low-value goods (LVG) that is now in effect, much more detailed information should be forthcoming in order to assist importers, says the Airfreight Forwarders Association of Malaysia (Afam).

KUALA LUMPUR: The implementation of a 10 per cent sales tax on low-value goods (LVG) costing RM500 and below sold online would allow local businesses to market their products of the same quality at an even selling price, thus boosting consumer demands.

JOHOR BARU: Implementing the low-value goods (LVG) tax is a move that will widen the tax base without affecting the lower-income groups, says the Malaysian Electrical Appliances Distribution Association (Meade).

For most of us, the start of a new year means new resolutions and new beginnings.

Low-value domestic products not affected by levy, minister says.

KUALA LUMPUR: The 10% sales tax on online purchases is only applicable to imported goods valued under RM500, says Fahmi Fadzil.

This stands for imported merchandise – excluding smoking products, alcohol – sold online at a price not exceeding RM500. 

KUALA LUMPUR, Aug 25 — DAP lawmaker Lim Guan Eng today cautioned against implementing the 10 per cent online sales tax for low-value goods (LVG) below RM500. The party chairman...

KUALA LUMPUR: Parliament today approved the Windfall Profit Levy (Amendment) Bill 2022 to amend the Windfall Profit Levy Act 1998.