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10% Tax For Online Purchases Of Overseas Goods
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TSRaddus
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 Dec 18 2023, 04:48 PM, updated 3y ago
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Getting Started
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can explain how this actually works in practice? lets say I buy Item from overseas online store which is a small boutique from UK ship to malaysia and they dont know about the 10% malaysia tax when the product enters malaysia, kastam will hold the product i bought, contact me to pay the 10% tax? then can do online payment ke to imigration or must go office  https://says.com/my/lifestyle/lvg-10-tax?ut...RxLgLwNUC7-ij3MQUOTE Meanwhile, sellers will need to register with RMCD
Who needs to register?
According to the department's announcement, any seller — whether in Malaysia or overseas — selling goods under RM500 that are brought into Malaysia by land, sea, or air, with a total sales value of LVG exceeding RM500,000 within 12 months, needs to register as a Registered Seller.
Registration for such sellers has been open since 1 January 2023.
The new sales tax on LVG is meant to encourage Malaysians to purchase more locally made products and to level the playing field between foreign and local sellers, who are currently subject to a 5% to 10% sales tax on items sold. This post has been edited by Raddus: Dec 18 2023, 04:49 PM |
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frossonice
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Dec 18 2023, 04:52 PM
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Baconateer
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Dec 18 2023, 05:09 PM
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they charge the sellers la
the sellers will just increase the price by 10%
what's so difficult?
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ShadowR1
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Dec 18 2023, 05:28 PM
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Yay ... everything increases 10%.
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TSRaddus
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Dec 18 2023, 05:34 PM
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Getting Started
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QUOTE(ShadowR1 @ Dec 18 2023, 05:28 PM) Yay ... everything increases 10%. Safe to assume seller will auto increase 10% price? |
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hoonanoo
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Dec 18 2023, 05:35 PM
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QUOTE(Baconateer @ Dec 18 2023, 05:09 PM) they charge the sellers la the sellers will just increase the price by 10% what's so difficult? so buy from shoppee also kena? |
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Baconateer
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Dec 18 2023, 05:45 PM
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QUOTE(hoonanoo @ Dec 18 2023, 05:35 PM) so buy from shoppee also kena? Sellers selling local products no kena Sellers selling imported products kena |
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evangelion
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Dec 18 2023, 05:47 PM
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Still cheaper from overseas, I have seen same item rm20 shipped from China, local (reseller) rm80 (cheapest I can find online)……, the disadvantage is shipping takes few weeks……..consider the margin, resellers can absorb the 10%, but of course there’s always greed…
This post has been edited by evangelion: Dec 18 2023, 05:48 PM
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evangelion
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Dec 18 2023, 05:52 PM
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QUOTE(Baconateer @ Dec 18 2023, 05:45 PM) Sellers selling local products no kena Sellers selling imported products kena I believe the reseller margin v good……unless greed takes over, they can always absorb the tiny tax in comparison with their margin… |
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Baconateer
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Dec 18 2023, 05:54 PM
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QUOTE(evangelion @ Dec 18 2023, 05:52 PM) I believe the reseller margin v good……unless greed takes over, they can always absorb the tiny tax in comparison with their margin… thts up to thm cuz each item below 500 will be taxed 10% |
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TSRaddus
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Dec 18 2023, 05:55 PM
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Getting Started
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QUOTE(Baconateer @ Dec 18 2023, 05:54 PM) thts up to thm cuz each item below 500 will be taxed 10% more of my concern is possibility of item get stuck at custom This post has been edited by Raddus: Dec 18 2023, 05:56 PM |
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geelim77
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Dec 18 2023, 05:57 PM
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Getting Started
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just wait for price of things to go UP UP UP next year lar
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evangelion
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Dec 18 2023, 05:57 PM
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QUOTE(Baconateer @ Dec 18 2023, 05:54 PM) thts up to thm cuz each item below 500 will be taxed 10% Like I said above….. Same item rm20 shipped from China, local (reseller) rm80 (cheapest I can find online)……, the disadvantage is shipping takes few weeks. If I’m not in hurry, I’m ok with paying 10% more shipped directly from China… |
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Baconateer
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Dec 18 2023, 05:58 PM
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QUOTE(Raddus @ Dec 18 2023, 05:55 PM) more of my concern is possibility of item get stuck at custom but the sellers should be the one handling this not the buyers |
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Baconateer
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Dec 18 2023, 05:58 PM
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QUOTE(evangelion @ Dec 18 2023, 05:57 PM) Like I said above….. Same item rm20 shipped from China, local (reseller) rm80 (cheapest I can find online)……, the disadvantage is shipping takes few weeks. If I’m not in hurry, I’m ok with paying 10% more shipped directly from China… yes a massive difference |
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Creaky
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Dec 18 2023, 05:58 PM
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New Member
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Following this thread because this tax so damn confusing... I frequently make purchases via X and Discord with Japanese hobbyists/proxies, and not online marketplace. So that means my merchant kena tax, on top of the inclusive Japan sales tax when they purchase my items??? If they don't somehow disclose it on the form then kastam tahan my parcel until I pay???
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evangelion
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Dec 18 2023, 05:59 PM
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QUOTE(Raddus @ Dec 18 2023, 05:55 PM) more of my concern is possibility of item get stuck at custom Just try once buy online (shopee or Lazada) shipped from overseas….get a feel of it first hand..something under rm30 and see how it goes… |
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TSRaddus
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Dec 18 2023, 06:02 PM
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Getting Started
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QUOTE(evangelion @ Dec 18 2023, 05:59 PM) Just try once buy online (shopee or Lazada) shipped from overseas….get a feel of it first hand..something under rm30 and see how it goes… i buy now still ok wait try after 1/1/2024 |
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evangelion
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Dec 18 2023, 06:05 PM
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QUOTE(Raddus @ Dec 18 2023, 06:02 PM) i buy now still ok wait try after 1/1/2024 If item cost rm30 shipped from overseas, local resellers sell at rm90…..I don’t think you will fight over the rm3 tax…. |
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Chanwsan
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Dec 18 2023, 06:44 PM
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Wait what? I always thought this only applies to imported items purchased by ourselves? Those shopee lazada sellers who bought in bulk to resell individually will still be subjected to this tax? Like that I might as well continue buying from overseas
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