Malaysia to implement tax on high-value goods from May 1, 2024 - finance ministry


Prime Minister Datuk Seri Anwar Ibrahim — IZZRAFIQ ALIAS/The Star

KUALA LUMPUR: Malaysia will implement a tax on high-value goods from May 1, 2024, its finance ministry said.

In a written response to parliament on Wednesday, the ministry said it was currently finalising the policy and will announce the tax mechanism, types of goods to be taxed and tax rates once approved by the cabinet.

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