Low value goods tax – What does it mean for consumers?

Global trend: The introduction of sales tax on low-value goods imported into Malaysia is in response to the growth in cross-border trade of goods.

THERE is no denying that online shopping in Malaysia grew exponentially in the last three years due to the pandemic.

The number of online shoppers in Malaysia grew 47% year-on-year with 14.43 million buying consumer goods online at the start of 2022, according to DataReportal.