Kelvin Hong, Author at Import and Trade Remedies Blog

Kelvin Hong

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Malaysia’s Ratification of the RCEP and CPTPP

July 5, 2023 By Adeline Wong, Kelvin Hong and Hui Teng Yong 2 Mins Read

The ratification of two of the world’s mega-regional free trade agreements, namely the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marks a significant milestone for Malaysia in its pursuit of bolstering foreign investments and expanding its trade horizons. Malaysia has successfully ratified the RCEP on 17 January 2022, followed by the ratification of the CPTPP on 30 September 2022. Subsequently, the RCEP came into force on 18…

Imposition of Sales Tax on Low Value Goods Imported into Malaysia

April 28, 2023 By Adeline Wong, Kelvin Hong and Hui Teng Yong 2 Mins Read

Following the passing of a suite of legislations, sales tax at the rate of 10% will be imposed on low value goods (i.e., all goods outside Malaysia which are sold at a price not exceeding RM 500 and brought into Malaysia via land, sea or air modes) (“LVG”) sold by a seller (i.e., a person who sells LVG on an online marketplace or operates an online marketplace for the sales and purchase of LVG) (“Seller”).…