The Pros and Cons of the New Sales Tax for Malaysian Online Sellers and Local Businesses
Malaysia has started to impose a new 10 per cent sales tax on low value goods (LVG) that are sold online and shipped from abroad to customers in Malaysia, effective from January 1, 2024. The new tax, which applies to goods priced below RM500 each, has drawn mixed reactions from online sellers, local businesses, and consumers, who have different views …