KUALA LUMPUR, March 15 — The luxury goods tax which is being finetuned will not affect the country’s tourism sector, said Deputy Finance Minister Steven Sim Chee Keong.
“At the same time, they also get tax relief on the purchase of Malaysian handicrafts. If we look at it from that perspective, we are actually encouraging more people to come,” he told reporters in the lobby of the Parliament building today. According to Sim, the implementation of the tax was to extend the country’s tax revenue collection and create a more progressive taxation system without causing the industry to suffer.
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