KUALA LUMPUR, Feb. 17 -- Putrajaya has collected RM476.1 million from the Low-Value Goods (LVG) tax in 2024, following its implementation on January 1 that year, said the Finance Ministry in a written Parliamentary reply.
The LVG tax applies to imported goods valued at RM500 or less, purchased online and delivered via air courier. The ministry said 63 sellers from 15 countries have registered under the tax framework.
Meanwhile, the Service Tax on Digital Services, which was introduced in 2020, generated RM1.6 billion in revenue in 2024.
The tax applies to digital services provided by foreign registered businesses to Malaysian consumers, with 464 foreign entities from 29 countries currently registered under the scheme.
On the Capital Gai...