Travel industry fears luxury goods tax will affect tourism | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Travel industry fears luxury goods tax will affect tourism

The tour and travel industry fears tourists who come to Malaysia purely to shop for cheaper luxury goods may opt to travel to the fashion capitals of the world instead due to the luxury goods tax proposed by the government. – The Malaysian Insight file pic, March 21, 2023.

PUTRAJAYA’s proposal to impose a luxury goods tax on certain types of luxury items such as watches and fashion accessories is giving those in the tour and travel industry the jitters. A hotly debated topic, there is a fear among them that the tax will cause Malaysia to lose its reputation as a shopping paradise which will see a drop in the number of tourist arrivals.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Worker shortage leads to 50% loss in renovation business | The Malaysian InsightHard to hire employees with required skill set, contractors say.
Source: msianinsight - 🏆 8. / 63 Read more »