Budget 2023 And The Retail Sector

Tan Hai Hsin, Managing Director, Retail Group Malaysia

01-Mar-23 08:45

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Budget 2023 introduced a luxury tax which would be implemented this year as a new step to broaden the tax base to those who had the means. However, details on what luxury goods actually are and what rate the tax will be have yet to be finalised. Tan Hai Hsin, Managing Director of Retail Group Malaysia, talks about how the local retail sector might be impacted.

Image credit: Shutterstock

Produced by: Sim Wie Boon

Presented by: Keith Kam, Chong Tjen San, Shazana Mokhtar

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Categories: government, economy

Tags: budget 2023, retail industry, tourism,

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