Assessing The Impact Of The Proposed Low Value Goods Tax

Zen Chow, Tax Practice Leader , YYC Tax consultants

07-Sep-22 12:00

Assessing The Impact Of The Proposed Low Value Goods Tax

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Online shopping has been on the upward trend with many of us finding it convenient to purchase what we need online. A bulk of these purchases are actually low-value goods buoyed by impulse buying due to the low price point. The dewan rakyat has recently passed an amendment to the Sales Tax which will allow these low-value goods to be taxed. To get some insights into this new tax and its potential impacts, we speak to Zen Chow from YYC Tax consultants.

Image Credit: Shutterstock | Iurii Motov

Produced by: Freda Liu, Jeremy Ng

Presented by: Richard Bradbury, Lily Chai

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Categories: entrepreneurs, SME

Tags: purchasing, low value goods, tax, online, shopping, sales, businesses, smes,

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