Finance Ministry discontinues High Value Goods Tax
The ministry was responding to Datuk Shamshulkahar Mohd Deli (BN-Jempol) who sought the Finance Minister to clarify the projected increase in national income resulting from the implementation of fiscal reforms.
These include the introduction of high value goods tax (HVG), digital goods tax (DGT), capital gains tax (CGT) and low value goods tax (LVG), as well as the expansion of Sales and Services Tax (SST) and the rationalisation of existing and upcoming subsidies.
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