A government MP has called on Putrajaya to exempt tourists from paying the tax on luxury goods, warning it could make the country less appealing to travellers, especially those from China.
Yeo Bee Yin (PH – Puchong) said it would be better for the government to allow tourists to get a value-added tax (VAT) refund, a system practised in Singapore, Australia, Canada, European Union countries, South Korea and Japan.
Source: www.freemalysiatoday.com
Latest Posts in "Malaysia"
- MyInvois SVDP Versions 1.2 and 1.3 Enable Back-Dated e-Invoice Submissions
- Finance Ministry Reaffirms SST as Preferred Tax System Over GST
- Malaysia Budget 2027 Proposes Targeted Sales and Service Tax Relief
- Hamzah Proposes Reintroducing GST at Revised Rate
- Malaysia to keep SST, adopt useful GST features
