Malaysia's taxation bill for cross -border commodity has been passed by the House
- Author:Lasuary
- Source:Search network
- Release Date:2022-08-10
It is reported that the bill (amendment) that has been approved by the Lazada and Shopee platforms from overseas low -value commodities (amendments) have been approved on the 4th.
According to the Malaysian legislative regulations, if the amendment takes effect, it will still be approved by the House of Representatives and the Supreme Heads (Kings).
Earlier reports said that on August 1, the country's deputy minister of finance II YAMANI HAFEZ MUSA submitted the 2022 sales tax (amendment) bill for the 2022.
The "2022 Sales Tax (Amendment) Act" is essentially updated to the "2018 Sales Tax Act". The purpose is to levy sales tax on platforms such as Shopee, Lazada and other platforms and other low -value goods sold on the website.
up to date! Malaysia's taxation bill for cross -border commodity has been passed by the House
According to the Amendment Act, low -value goods are defined as "any specified goods outside Malaysia, sold and brought into Malaysia."
The objects covered by the new bill include sellers who sell low -value commodities on e -commerce platforms or overseas sellers who operate low -value commodity platforms on e -commerce platforms.
If the amendment is finally passed, online shopping is less than RM500 (about 756 yuan), no matter what the way to enter Malaysia, it will be levied by 10% of the sales tax, and whether the seller is in Malaysia or abroad Essence
Low -value commodity sellers must be registered in the Ministry of Finance. The seller must also display its detailed information on the packaging of low -value products.
The Ministry of Finance will specify low -value commodities according to the three standards of goods, prices and methods to enter Malaysia.
It is reported that Malaysia will levy sales tax on low -value commodities on January 1 next year, and levy a 10%tax rate for all domestic selling sellers who provide related products.
The purpose of this tax rate is to provide a fair competitive environment for local manufactured products to ensure equal tax benefits of local manufacturing and imported goods. At present, local manufacturers are levied 5%or 10%of sales tax.
The first deputy minister of the Ministry of Finance, Datuk Mohamadshaha, said that the government is expected to receive an income of RM200 million from the tax annual tax, and at the same time levy sales tax to e -commerce at home and abroad to give e -commerce at home and abroad to have fair competition at home and abroad The environment, because local e -commerce has been levied for sales tax.
At present, at the designated airports such as Kuala Lumpur International Airport, Combon, Penang, Shi Nai, Kuching, and Ge Jing Nabaru, the total value of imported products with express delivery services can be exempted from the sales tax. The exemption is implemented in accordance with the regulations of the De MINIMIS.
According to the Malaysian legislative regulations, if the amendment takes effect, it will still be approved by the House of Representatives and the Supreme Heads (Kings).
Earlier reports said that on August 1, the country's deputy minister of finance II YAMANI HAFEZ MUSA submitted the 2022 sales tax (amendment) bill for the 2022.
The "2022 Sales Tax (Amendment) Act" is essentially updated to the "2018 Sales Tax Act". The purpose is to levy sales tax on platforms such as Shopee, Lazada and other platforms and other low -value goods sold on the website.
up to date! Malaysia's taxation bill for cross -border commodity has been passed by the House
According to the Amendment Act, low -value goods are defined as "any specified goods outside Malaysia, sold and brought into Malaysia."
The objects covered by the new bill include sellers who sell low -value commodities on e -commerce platforms or overseas sellers who operate low -value commodity platforms on e -commerce platforms.
If the amendment is finally passed, online shopping is less than RM500 (about 756 yuan), no matter what the way to enter Malaysia, it will be levied by 10% of the sales tax, and whether the seller is in Malaysia or abroad Essence
Low -value commodity sellers must be registered in the Ministry of Finance. The seller must also display its detailed information on the packaging of low -value products.
The Ministry of Finance will specify low -value commodities according to the three standards of goods, prices and methods to enter Malaysia.
It is reported that Malaysia will levy sales tax on low -value commodities on January 1 next year, and levy a 10%tax rate for all domestic selling sellers who provide related products.
The purpose of this tax rate is to provide a fair competitive environment for local manufactured products to ensure equal tax benefits of local manufacturing and imported goods. At present, local manufacturers are levied 5%or 10%of sales tax.
The first deputy minister of the Ministry of Finance, Datuk Mohamadshaha, said that the government is expected to receive an income of RM200 million from the tax annual tax, and at the same time levy sales tax to e -commerce at home and abroad to give e -commerce at home and abroad to have fair competition at home and abroad The environment, because local e -commerce has been levied for sales tax.
At present, at the designated airports such as Kuala Lumpur International Airport, Combon, Penang, Shi Nai, Kuching, and Ge Jing Nabaru, the total value of imported products with express delivery services can be exempted from the sales tax. The exemption is implemented in accordance with the regulations of the De MINIMIS.