LVG recorded an additional revenue of RM817 million in 2025
KUALA LUMPUR: Low Value Goods (LVG) will record additional revenue collection of RM817 million in 2025, up from RM476 million in 2024 since its implementation, said the Finance Ministry. The ministry said the increase reflected increasingly stable compliance among overseas sellers who sell goods directly to consumers in Malaysia through online platforms. It said the LVG at a rate of 10 percent, effective from Jan 1, 2024, is a government measure to broaden the tax base fairly and address tax imbalances in cross-border digital trade. “This approach is also in line with international practice, as many countries implement tax mechanisms […]
