BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Assessing The Impact Of The Proposed Low Value Goods Tax

Assessing The Impact Of The Proposed Low Value Goods Tax

Zen Chow, Tax Practice Leader , YYC Tax consultants

07-Sep-22 12:00

Assessing The Impact Of The Proposed Low Value Goods Tax

Online shopping has been on the upward trend with many of us finding it convenient to purchase what we need online. A bulk of these purchases are actually low-value goods buoyed by impulse buying due to the low price point. The dewan rakyat has recently passed an amendment to the Sales Tax which will allow these low-value goods to be taxed. To get some insights into this new tax and its potential impacts, we speak to Zen Chow from YYC Tax consultants.


Image Credit: Shutterstock | Iurii Motov

Produced by: Freda Liu, Jeremy Ng

Presented by: Richard Bradbury, Lily Chai


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  entrepreneursSME

Tags:  purchasinglow value goodstaxonlineshoppingsalesbusinessessmes





Play / Pause

Listen now : Open For Business : Kevin Khaandor, founder of Movement Dynamics, a fitness...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Michael Lai, Executive Director of Wealth Advisory, OCBC Bank Malaysia tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Dr. Jayant Menon of ISEAS–Yusof Ishak Institute weighs in on how new U.S. tariffs could affect ASEAN’s growth and trade ties.

7:45 AM

Morning Brief

Edmond Bon, chairman of AICHR discusses ASEAN's plans to adopt a legally binding human rights convention.

8:00 AM

The Breakfast Grille

Datuk Jaden Teoh, CEO, Oasis Home shares about the live commerce company's plans post -listing.

8:30 AM

Morning Brief

Datuk William Ng, Chairman, Small and Medium Enterprises Association (SAMENTA)talks about the 13th Malaysia Plan's SME initiatives.

8:45 AM

Morning Brief

Teresa Kok, Vice Chairman of the PAC shares about how the committee functions in ensuring accountability.

9:00 AM

Opening Bell

(REPEAT) Michael Lai, Executive Director of Wealth Advisory, OCBC Bank Malaysia tells us where international markets are heading.

9:15 AM

Opening Bell

Jeremy Goh of CGSI Malaysia unpacks how the 13th Malaysia Plan will impact our local equities market and which companies stand to benefit.

9:35 AM

Pinnacle Perspectives

Iesa Morshidi of PwC shares insights from their latest report on how AI is reshaping jobs, skills, and industries in Malaysia and around the world.

10:05 AM

Open For Business

Kevin Khaandor, founder of Movement Dynamics, a fitness brand focused on training, community, and lifestyle, joins us to share how he grew the business from just RM1,000 to over RM500K in annual revenue, why he's building a content-driven fitness community in KL, and what’s next — from large-scale events to launching a fitness app.

11:05 AM

P&L

Renganathan Kannan of TRATAX joins us to break down how different business structures in Malaysia impact your tax obligations, filings, and optimisation strategies.

12:00 PM

Enterprise Explores

Anil Gill and Marc Fong from the Fintech Association of Malaysia join us to discuss Malaysia’s fintech landscape, its role as ASEAN’s fintech gateway, and opportunities for regional collaboration and growth.

1:00 PM

The Breakfast Grille Repeat

Datuk Jaden Teoh, CEO, Oasis Home shares about the live commerce company's plans post -listing.

2:05 PM

Discovery Hour

3:05 PM

Earth Matters

Plastic pollution is now a human health crisis and economic threat. As governments finalize a Global Plastics Treaty in August, Malaysian civil society groups urge stronger leadership. We discuss the treaty's implications for Malaysians.

4:05 PM

Health & Living

Doctors, especially in primary care clinics, can play a part in picking up domestic violence cases early and supporting these survivors. We find out if our doctors have that training.

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

7:00 PM

Just For Kicks

8:00 PM

A Bit of Culture