Posted by EngineeringProfit > 2 months ago | Report Abuse

100% GST on Imported Goods: If someone travels abroad and purchases physical goods that they later bring back to their home country, they must be subject to import duties and GST when the goods exceed RM100. For instance, a Malaysian returning with luxury items above a certain threshold could be required to declare them and pay GST upon re-entering Malaysia.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Buy local!! Malaysians who travel and purchase luxury or high-value goods abroad would be faced with a substantial cost increase. Upon returning, they'd have to declare these items and pay 100% GST on top of the original purchase price. For instance, if someone bought a RM1,000 luxury handbag in Paris, they would need to pay RM1,000 in GST upon returning, effectively doubling the cost.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Changes in Shopping Patterns: Malaysians might significantly reduce overseas purchases. Currently, traveling abroad to buy cheaper electronics, luxury goods, or other products is common due to currency exchange advantages or tax-free shopping. A 100% GST could shift this behavior back to local markets or make Malaysians rethink whether these overseas purchases are worth it.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Boost in Domestic Retail Sales: If consumers are discouraged from purchasing goods overseas due to the 100% GST, they may be more inclined to buy the same goods locally, thereby stimulating local businesses. This shift could reduce the leakage of consumer spending outside the country.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Reduced Appeal of International Travel: Malaysian consumers might be less inclined to travel internationally for shopping purposes, as the added GST cost diminishes the financial benefit.

Posted by EngineeringProfit > 2 months ago | Report Abuse

T20 & Luxury Goods: The luxury goods industry would be particularly affected. Malaysians frequently purchase items like handbags, watches, and jewelry from luxury brands when traveling. A 100% GST would create a huge disincentive for such purchases, potentially leading these consumers to shop domestically or avoid luxury goods altogether.

Posted by EngineeringProfit > 2 months ago | Report Abuse

A 100% GST on imported goods exceeding RM100 could create a significant shift in purchasing behaviors, reduce international shopping appeal, and drive consumers toward local markets.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Extra add-on100% GST on purchasers with T1% titles ( Tun, Tan Sri, Dato, Datin, etc)