Putrajaya should consider postponing the implementation of the 10% tax on imported low-value goods (LVG) sold online, or apply it selectively to imported items that have Malaysian-made equivalents, MCA president Wee Ka Siong said today.
Cukai jualan ke atas barang bernilai rendah (LVG) diimport yang dijual dalam talian, yang akan berkuat kuasa mulai 1 Jan 2024, bertujuan memberi kesaksamaan persaingan kepada perniagaan tempatan, menurut Kementerian Kewangan (MoF).
The Finance Ministry has clarified that the government's decision to impose a 10% sales tax on imported low-value goods (LVG) sold online, effective from January 1 next year, is aimed at levelling the playing field for the local retail industry.
RMCD defined LVG as all goods – excluding cigarettes, tobacco products, intoxicating liquors, electronic cigarettes, and preparation of a kind used for smoking – which are sold at a price not exceeding RM500, and are brought into Malaysia by land, sea or air.
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil
