A Better Look at Sales Tax on Low Value Goods (LVG) in Malaysia
4 minutesIn recent years, the taxation landscape for low-value goods has undergone significant changes globally, and Malaysia is no exception. With the rise of e-commerce and cross-border trade, the Malaysian government has implemented measures to streamline the taxation process for low-value goods. In this article, we explore the impact on consumers, businesses, and the economy at large. From understanding the thresholds and exemptions to navigating compliance requirements, we uncover essential insights to help stakeholders navigate this evolving taxation framework efficiently. Let’s explore how sales tax on low value goods in Malaysia affects businesses and consumers alike.
