Bloomberg Tax
Feb. 24, 2023, 8:34 AM

Malaysia to Introduce Taxes for Luxury Goods Starting This Year

Joy Lee

Malaysia will introduce a Luxury Goods Tax starting this year for items of a certain value limit, Finance Minister Anwar Ibrahim said in a budget speech to parliament on Friday.

  • Among the items that will be taxed are luxury watches and fashion items

To contact the reporter on this story:
Joy Lee in Kuala Lumpur at

To contact the editor responsible for this story:
Ravil Shirodkar at

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