Malaysia Implements 10% Sales Tax on Import of Low Value Goods

• Malaysia has implemented a 10% sales tax on the import of Low Value Goods (LVG) starting from 1 January 2024.
• The rules for LVG were initially supposed to be effective from 1 April 2023 but were delayed to 1 January 2024.
• LVG includes goods with a sales price below MYR 500 brought into Malaysia by land, sea, or air.
• Cigarettes are excluded from the LVG category.

Source: orbitax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.