Insisting that their goods should not be subjected to the new tax, stakeholders in the gold jewellery industry argue that gold is an asset, not just a luxury item, and thus should be exempt from the proposed high-value goods tax (HVGT).
Barbers and goldsmiths in the country are among the sectors still experiencing a shortage of workers, said Deputy Entrepreneur Development and Cooperatives Minister Datuk R. Ramanan.
There has been a spate of viral videos showing vehicles from neighbouring countries such as Thailand and Singapore being filled with Malaysia's heavily subsidised RON95 petrol, indicating a blatant disregard for local laws.
