LVG tax: More than meets the eye

Time to shine: SME Association of Malaysia president Ding Hong Sing says local traders should diversify their products, now that they have a more level playing field against their overseas counterparts.

PETALING JAYA: It was supposed to be a clear-cut case of adding 10% of the low-value goods (LVG) tax to the price of imported goods tagged below RM500 sold through ecommerce platforms.

However, to the shock of consumers, the total to pay is not a mere additional 10% for some goods as overseas sellers have adjusted their prices.