Malaysian industry players and stakeholders call for HVGT cancellation, favoring GST instead.
Industry players and stakeholders in Malaysia call for the cancellation of the proposed High-Value Goods Tax (HVGT) in favor of a better tax system like the Goods and Services Tax (GST). They argue that HVGT's limited revenue and lack of clear system and mechanism make it unsuitable for implementation. The government has deferred the HVGT's initial May 1 rollout, stating the need for more engagement with the industry.
March 29, 2024
3 Articles