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.

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RM 12.33/month

RM 8.02/month

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

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