Implementation Reminder of Low-Value Goods Tax Policy for Imports to Malaysia
-
Important Notice:
Starting from January 1, 2024, the Malaysian government will impose a 10% sales tax on low-value goods (LVG) shipped by "registered sellers" to Malaysia.
Overview:
The Ministry of Finance, Malaysia announced in the 2022 budget that low-value goods originating from overseas and sold online to Malaysian consumers by sellers would be subject to a sales tax if the value does not exceed MYR 500.
The effective date for imposing sales tax on low-value goods is January 1, 2024.
What You Need to Know:
According to regulations related to the sales and service tax on low-value goods:
i. Any person, whether Malaysian or foreign;
ii. Selling low-value goods;
iii. Importing into Malaysia by land, sea, or air;
iv. Sellers of low-value goods whose total sales in Malaysia exceed MYR 500,000 within 12 months are required to register as "registered sellers."
Applicants can apply for registration starting from January 1, 2023. (https://lvgcore.customs.gov.my/Login)
Additionally:
1.The seller's registration number must be displayed on the package.
2.The consignment note/invoice information must match the seller's registration information.
Who is the seller in the LVG scenario?
The seller refers to individuals or entities both domestically and internationally:
i. Selling LVG on online platforms.
ii. Operating online markets for LVG sales and purchases.
For more information on registration, please visit: https://mylvg.customs.gov.my/
Any questions or feedback regarding low-value goods can be sent via email to: mylvg@customs.gov.my
For other related information, please visit our company's help center on the official website, or refer to the official announcement on the SF Express International website: https://www.sf-international.com/my/sc/about/detail?code=lvg2024sc
SF Express Taiwan Co., Ltd.
