The luxury goods tax is expected to be implemented on May 1, 2024 as the Finance Ministry is finalising its policy and legislation on the matter, said Prime Minister Datuk Seri Anwar Ibrahim.
Chartered Tax Institute of Malaysia does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax and the mechanism for capital gains tax in the upcoming Budget 2024.
The Malaysian Muslim Restaurant Owners’ Association (Presma) will proceed with suing a TikTok user for making defamatory claims about food preparation and cleanliness at mamak restaurants.
