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.
The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period
