New tax on luxury goods

The Borneo Post, 12 March

Comments from Ng Sue Lynn, KPMG in Malaysia’s Head of Indirect Tax’s Budget 2023 thought leadership entitled Luxury Goods Tax – A Tax on High Value Items were referenced in this article. Ng also provided the potential scenarios of the tax, such as in the Goods and Services Tax (GST) and Value Added Tax (VAT) context, the already implemented sales tax, along with the impact these could have on consumer behavior. 

Full coverage attached below:

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