Malaysia Delays Tax on Certain Low-Value Imports
Malaysia recently delayed a new sales tax on imported low-value goods to give sellers time to register on a mandatory government website, the Hong Kong Trade Development Council reported Feb. 14. The sales tax, which was scheduled to take effect…
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Jan. 1, will now be collected starting in April, the report said. The measure will impose a 10% tax on the price of certain low-value goods purchased overseas; smoking and vaping products are exempt. Sellers who don’t pay the tax may face a penalty “between 10% and 40% of the amount due, depending on how late their payment is,” the report said.