World News - PETALING JAYA – With Chinese New Year around the corner, interest in gold is spiking as Malaysian shoppers try to “dodge” the upcoming luxury tax slated to be implemented in May. Jewellers say despite the current high price of gold, many would be aiming to buy. Read more at www.tnp.sg
PETALING JAYA: With the approaching Chinese New Year, interest in gold is spiking as shoppers try to “dodge” the impending High Value Goods Tax (HVGT) slated for May.
PETALING JAYA: A retail research firm has urged the government to release more details about the luxury goods tax so businesses can make the necessary preparations.
PETALING JAYA: The proposed luxury tax on gold jewellery will lead to a significant loss of revenue for retailers, says Malaysian Indian Goldsmith and Jewellers Association (MIGJA) president Abdul Rasull Abdul Razak.