Sales tax on low-value goods
The government is advised to postpone the implementation of sales tax on imported low-value goods purchased online and delivered into Malaysia. While the aim of the move is considered practical by many, tax experts opine several criteria should be assessed to ensure businesses and the people are not burdened.
According to Ng Sue Lynn, Executive Director of Indirect Tax at KPMG in Malaysia, there is a strong need for the government to consider tax rate imposed, subjected classes of goods and the execution of the implementation. “The government can utilize this period of time to analyze and forecast the impact of imposing sales tax to the price of goods in comparison to the amount of tax that will be collected”, she added.
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