Govt scraps plan to impose luxury goods tax


KUALA LUMPUR: The government has decided not to proceed with its implementation of the proposed high-value goods tax (HVGT), says Datuk Seri Anwar Ibrahim.

The Prime Minister said, however, the underlying principle has been incorporated into the revised sales tax framework, with luxury and discretionary items now taxed at either 5% or 10%.

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

Next In Nation

Umno must shift priority, focus on itself to remain united, says party veep
FMT apologises after reporter's racially charged question
Syariah offier, syarie lawyer remanded in 'hibah' bribery probe
Use Pongal to strengthen unity, says Ramanan
PM calls for immediate, thorough probe in Help University blast
No hint of tension between Zahid, Akmal, says Nurul Hidayah
Umno president to discuss Muafakat Nasional, Youth convention at AGM
Fuel prices Jan 15-21: Unsubsidised RON95, RON97 petrol down two and three sen respectively
Govt agrees in principal to amend PAA, says Fahmi
MACC remands another six cops for protecting illegal businesses

Others Also Read