Here’s an interesting local development that I thought to highlight, since many of us are avid online shoppers, who shop online both locally and from overseas.
I have been shopping online from numerous overseas websites for a long time, as I do what most consumers do – look for the best deals. And we do get a lot of good deals online from international ecommerce stores. I’d done so much of it, I’d shared a comprehensive article about my experience shopping online from international websites, and how we are affected by import tax.
As of now, our tax threshold for personal purchases made online (or as they say, ‘imported’) is RM500. Barring certain categories of items, purchases of RM500 and below aren’t taxable. So, shopping smart is key.
But all that’s changing come 1 January 2023 🙁Continue Reading