Malaysia: High-value goods tax proposal withdrawn
Principle of HVGT has been applied to the sales tax
The Ministry of Finance on July 29, 2025, confirmed that the government will not proceed with the proposed high-value goods tax (HVGT).
Instead, the principle of HVGT has been applied to the sales tax, with luxury and discretionary goods now subject to a 5% or 10% tax rate effective from July 1, 2025.
For more information, contact a KPMG tax professional in Malaysia:
Sue Lynn Ng | suelynnng@kpmg.com.my