A Rundown of E-Commerce Tax in Malaysia and How It Varies
5 minutesThe rapidly expanding e-commerce market in Malaysia has prompted the government to implement new tax regulations, including a sales tax on imported low-value goods (LVG). This move is designed to level the playing field for local businesses, protect domestic industries, and increase government revenue from online sales. Understanding how these new regulations impact on your business is crucial, especially for sellers involved in cross-border e-commerce transactions. This article will explore key topics such as import tax and duties, the rationale behind the LVG tax, its effects on sales processes, and the penalties for non-compliance.
