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#Budget2019: Government To Tax Online Services Like Netflix And Spotify Starting 2020

The new tax will come into effect from January 2020.

By Sadho Ram — 02 Nov 2018

Cover image via KementerianKewanganMalaysia

Online services like Netflix, Steam, and Spotify are going to be taxed by the Government starting January 2020, announced Finance Minister Lim Guan Eng while tabling the Pakatan Harapan government's inaugural budget in the Dewan Rakyat

Under the new tax, online services imported by users will be required to register with the Customs Department

This includes software, music, videos, or any digital advertising. Among the services/companies that will be affected are Netflix, Steam, Spotify and others.

Catch up on more #Budget2019 announcements:

#Budget2019: New Fees To Be Paid By All Travellers Flying Out Of Malaysia

The levy will come into effect from 1 June, 2019.

says.com

#Budget2019: Government To Introduce Tax On Sugary Drinks From April 2019

Drinks with added sugar will have 40 sen tax imposed per litre.

says.com

#Budget2019: Minimum Wage Set To RM1,100 Nationwide From Jan 2019

The first budget in 61 years was tabled by a new government in Dewan Rakyat today, 2 November.

says.com

Stay tuned for our overview story of the #Belanjawan2019

Head over to our Facebook and Twitter account for more updates

Image via SAYS

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