Malaysia has released English-language guidance on the introduction of sales tax on low-value goods from April 1, 2023.
LVGs are all imported goods, with the exception of smoking-related products and alcohol, valued at less than MYR500. Tax at ten percent applies on the amount paid for the goods, without transportation and insurance costs, and before other taxes and charges, on all goods brought into Malaysia from overseas by land, sea, or air.
Source Vitallaw
Latest Posts in "Malaysia"
- Malaysia Drops High-Value Goods Tax, Applies Higher Sales Tax to Luxury Items
- Malaysia Clarifies Sales Tax Refund Procedures for Manufacturers’ Machinery and Equipment Purchases
- Malaysia Updates Indirect Tax Forms Requiring More Detailed SST-02 Return Reporting
- Malaysia 2026 Budget: Tax Exemption Extensions, New LLP Tax, Carbon Tax Introduction
- Malaysia Introduces Sales Tax Exemption for ASEAN Cross-Border Goods Transport Vehicles
