Malaysia Delays Tax on Certain Low-Value Imports

Malaysia recently delayed a new sales tax on imported low-value goods to give sellers time to register on a mandatory government website, the Hong Kong Trade Development Council reported Feb. 14. The sales tax, which was scheduled to take effect Jan. 1, will now be collected starting in April, the report said. The measure will impose a 10% tax on the price of certain low-value goods purchased overseas; smoking and vaping products are exempt. Sellers who don’t pay the tax may face a penalty “between 10% and 40% of the amount due, depending on how late their payment is,” the report said.