- Malaysia has withdrawn the proposed high-value goods tax (HVGT).
- The principle of HVGT is now incorporated into the sales tax.
- Luxury and discretionary goods are taxed at 5% or 10%.
- The new tax rates are effective from July 1, 2025.
Source: kpmg.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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