low-value goods tax

Govt expected to collect RM700 mil a year in high value goods tax

The government is expected to collect tax revenue of RM700 million a year from the implementation of the luxury goods tax, now known as the high value goods tax (HVGT).

Noticeable price increase for LVG online as tax kicks in 

The low-value goods (LVG) tax of 10% on imported items sold online comes into force today but only Shopee is clearly stating to customers that the tax is being charged.

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