High Value Goods Tax: A rate of 5%-10% is considered reasonable
TV3, 4 November
Soh Lian Seng, Head of Tax, gave his input on the High Value Goods Tax, which is set to be implemented in May 2024. He shared that while the government is committed to ensuring that the introduction of new taxes does not burden the rakyat, the term "luxury" would need to be defined according to Malaysia's own needs.
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