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 A 10% sales tax will be imposed from Jan 1, on online goods costing below RM500

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SUSnasiputih
post Dec 15 2023, 08:07 PM, updated 2y ago

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Free Malaysia Today
10% sales tax on online goods to apply from Jan 1
Story by FMT Reporters •
1h
PETALING JAYA: A 10% sales tax will be imposed from Jan 1 on online sales of goods costing below RM500, according to a recent customs guide.

The low-value goods tax will apply on goods bought online and delivered to Malaysia by vendors registered with the finance ministry.

The tax was introduced in an amendment to the Sales Tax Act passed by the Dewan Rakyat in August last year and was to have been imposed from April 1 this year but was postponed.

The Dewan Rakyat was told last year that the government expects to collect RM200 million a year from the tax.

The deputy finance minister then, Shahar Abdullah, said the tax would level the playing field between online sellers both inside and outside Malaysia, and would empower local markets and businessmen.
The tax was first mooted by former finance minister Tengku Zafrul Aziz when tabling the 2022 budget.
lordgamer3
post Dec 15 2023, 08:08 PM

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So mudah n carousel counted?
LamboSama
post Dec 15 2023, 08:09 PM

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pureawesomeness
post Dec 15 2023, 08:10 PM

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CCB i now buy everything online. Groceries also. So everything will be 10% higher compared to purchase at physical store?
galkelly
post Dec 15 2023, 08:12 PM

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Niama jus keep on taxing the rakyat...
Gov so many minister all makan taik punya
N9484640
post Dec 15 2023, 08:12 PM

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low value goods - tax! high value goods also tax. luxury goods tax also. might as well just say tax everything
spamfish
post Dec 15 2023, 08:13 PM

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no balls to bring back gst have to resort to this...madani oh madani...
Epci
post Dec 15 2023, 08:13 PM

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QUOTE(pureawesomeness @ Dec 15 2023, 08:10 PM)
CCB i now buy everything online. Groceries also. So everything will be 10% higher compared to purchase at physical store?
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Nope. This tax only applies to international items that  are  shipped to Malaysia.

This post has been edited by Epci: Dec 15 2023, 08:14 PM
vhs
post Dec 15 2023, 08:13 PM

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It was supposed to be collected if sellers are from oversea only. Now local online sellers also kena?
msacras
post Dec 15 2023, 08:14 PM

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QUOTE(N9484640 @ Dec 15 2023, 08:12 PM)
low value goods - tax! high value goods also tax. luxury goods tax also. might as well just say tax everything
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It’s called GST
xavi5567
post Dec 15 2023, 08:14 PM

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Tu la gst 6% don’t wan la now charge u 10% sales tax on everything … but y ok rm500 below and not rm500 above stuff wanna protect helang ?
N9484640
post Dec 15 2023, 08:15 PM

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QUOTE(msacras @ Dec 15 2023, 08:14 PM)
It’s called GST
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GST only 6%...this one 10% ....please bring back GST sad.gif
h@ksam
post Dec 15 2023, 08:15 PM

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full of shit sst
netmatrix
post Dec 15 2023, 08:15 PM

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QUOTE
said the tax would level the playing field between online sellers both inside and outside Malaysi


Seems to mean locally available goods would not be taxed, but shipped from overseas ones will.
annoymous1234
post Dec 15 2023, 08:15 PM

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In November, the Small and Medium Enterprises Association of Malaysia (Samenta) urged Putrajaya to implement the tax to mitigate the “uneven competition” between brick-and-mortar stores and online marketplaces.

Samenta president William Ng said local retailers have to pay taxes, rent and overheads, while online sellers often avoid their tax responsibility and tend to pay lower rent and overheads, if any.
msacras
post Dec 15 2023, 08:15 PM

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QUOTE(vhs @ Dec 15 2023, 08:13 PM)
It was supposed to be collected if sellers are from oversea only. Now local online sellers also kena?
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I think like GST last time, taobao helps to collect and charge a sum during checkout.
annoymous1234
post Dec 15 2023, 08:16 PM

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QUOTE(lordgamer3 @ Dec 15 2023, 08:08 PM)
So mudah n carousel counted?
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Lowyat garage sales also kena
GiganticBird
post Dec 15 2023, 08:18 PM

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QUOTE(Epci @ Dec 15 2023, 08:13 PM)
Nope. This tax only applies to international items that  are   shipped to Malaysia.
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tell me how many % of the local seller here not selling stuff that was imported from china, probably less than 2%
msacras
post Dec 15 2023, 08:19 PM

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QUOTE(GiganticBird @ Dec 15 2023, 08:18 PM)
tell me how many % of the local seller here not selling stuff that was imported from china, probably less than 2%
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Local sellers supposedly import in big scales and already subjected to import duty before this.

This new tax is to kill those dropshippers or small scale businesses.
Boomwick
post Dec 15 2023, 08:21 PM

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Diesel remove
8% sst
10% online

Hahaha

Anwar give u a ranciao smile

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