luxury goods tax

Luxury goods tax to start May 1 next year: PM

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.

CTIM expects luxury goods tax hike, no individual, corporate tax cuts in new budget

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. 

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