SME News
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2024-01-03
LVG tax: More than meets the eye
PETALING JAYA: It was supposed to be a clear-cut case of adding 10% of the low-value goods (LVG) tax to the price of imported goods tagged below RM500 sold through ecommerce platforms. However, to the shock of consumers, the total to pay is not a ...
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2024-01-02
Extensive SME support plan
KUALA LUMPUR: With the dawn of 2024, the SME Association of Malaysia is looking forward to further promoting small and medium enterprises as the backbone of economic growth. Its president Ding Hong Sing said the association’s confidence has ...
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2024-01-02
Canal crisis could cost us more
PETALING JAYA: Imports of festive items for the upcoming Chinese New Year are expected to experience minimal issues in the country despite disruptions to shipping routes. Industry leaders said this is because most festive goods for this season are...
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2024-01-02
Online shopping platforms begin imposing low-value goods taxes
KUALA LUMPUR: Online retail companies have started collecting low-value goods (LVG) taxes on imported goods below RM500. One of those companies, Shoppee issued a notice about the matter. Sea Limited Malaysia country head Terence Siau said this ...
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2024-01-02
PM Anwar launches Padu database to improve delivery of targeted subsidies
PUTRAJAYA, Jan 2 — Prime Minister Datuk Seri Anwar Ibrahim officially launched the Central Database Hub (Padu) today, paving the way towards a fairer distribution of targeted subsidies for Malaysians in need. In his speech, Anwar acknowledge...

