- Malaysian National News Agency announced cancellation of high-value goods tax
- High-value goods tax was initially scheduled for May 2024
- Luxury and discretionary goods taxed under revised sales tax system at 5 percent or 10 percent
- Capital gains tax applies from March 1, 2024, on unlisted share transactions
- Adjustments to sales and services tax apply from July 1
- Low-value goods tax applies from January 1, 2024
Source: news.bloombergtax.com
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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