High value tax from May


KUALA LUMPUR: The luxury goods tax, now named the High Value Goods Tax (HVGT), will start in May next year, says Datuk Seri Anwar Ibrahim.

“At this juncture, the Finance Ministry is finalising the policy and legal aspects of taxing high value goods,” the Prime Minister said in a written parliamentary reply dated Nov 1.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Take action against your assemblymen too, PAS told Bersatu over Perlis SDs
Police officers return home after completing 18-month UN mission in Sudan
10-year-old boy killed in motorcycle-lorry crash
Don't embarrass Malaysia: Nga slams public littering in city centre
Petronas Dagangan confirms operational issue at Samarahan Expressway station
Govt committed to advancing Sarawak’s wellbeing through inclusive development, says PM
Embattled Perlis MB Mohd Shukri steps down from post
Three PAS assemblymen ordered to return state assets
Police nab man, contraband ciggies worth RM320,000 seized
Cops begin probe into alleged falsified heritage player documents

Others Also Read