Luxury goods tax will not affect tourism sector, says Steven Sim
Deputy Finance Minister Steven Sim Chee Keong says the luxury goods tax that is being proposed won’t affect the country’s tourism sector as tourists here prefer to buy local handicraft. – The Malaysian Insight file pic, March 15, 2023.
He said tourists to Malaysia were not interested in shopping for luxury goods; instead, they came here to visit interesting destinations and national heritage sites, and buy local handicraft. He was commenting on the call by former prime minister Ismail Sabri Yaakob for the government to reconsider the implementation of the luxury goods tax as this would deter tourists who wished to shop in Malaysia.
“We are engaging with all stakeholders including the retail and tourism sectors to see how the impact can be reduced,” he said.
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