The government is expected to collect tax revenue of RM700 million a year from the implementation of the luxury goods tax, now known as the high value goods tax (HVGT).
The low-value goods (LVG) tax of 10% on imported items sold online comes into force today but only Shopee is clearly stating to customers that the tax is being charged.
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.
