Lisa's Weibo account with more than 8 million followers was shut down for breach of the platform's rules while Chinese actress Angelababy was muted on the platform.
KUALA LUMPUR: The luxury goods tax, now named the High Value Goods Tax , will start in May next year, says Datuk Seri Anwar Ibrahim.
During the tabling of Budget 2024 on Oct 13, Anwar announced that the government would introduce HVGT for luxury items at a rate of between 5% and 10%. The Star recently reported that HVGT is expected to be imposed on big-ticket items such as private jets, yachts, jewellery and luxury cars, according to informed officials.
“The government will continue to monitor the current economic condition and consider fiscal measures which are suitable with the short and medium terms.”
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