- Malaysia will impose sales tax on low-value imports from January 2024
- Import Sales Tax exemption on goods bought from outside the country will be removed
- Currently, there is an exemption threshold of MYR 500
- From 1 January 2024, non-resident providers will have to charge sales tax at a rate of 10%
- There will be an annual sales tax registration threshold of MYR 500,000.
Source: fiscalsolutions.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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