Shopee Begins Notifying Users on 10% LVG Sales Tax on Overseas Purchases Below RM500 in 2024
As we step into the new year of 2024, Shopee has initiated notifications for products priced below RM500 that are shipped from overseas to the local market, signaling the imposition of a 10% sales tax.
Shopee 10% LVG Sales Tax Notification
Observing various listings on Shopee, we noted that the calculated prices now include a 10% sales tax for these items, visible before the completion of the payment process – particularly for products shipped directly from China.
The government had previously announced the enforcement of a 10% sales tax for online purchases of goods below RM500, shipped directly from overseas. This strategic move aims to ensure the country does not lose revenue while safeguarding local sellers, enabling them to compete effectively with international sellers on online platforms.
Shopee users should be aware of this recent development and factor in the 10% sales tax when making purchases of eligible items. Understanding the implications and adjusting to the new pricing structure will be essential for both buyers and sellers navigating the online marketplace.
Pokdepinion: As Shopee aligns with the government’s taxation policies, users can anticipate adjustments in the pricing of certain products. Staying informed and adapting to these changes will contribute to a smoother online shopping experience in the evolving landscape of e-commerce in 2024.