news

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

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

By Sadho Ram — 02 Nov 2018, 06:09 PM

Cover image via Yahoo!

Finance Minister Lim Guan Eng announced today, 2 November, that the government will introduce sugary drinks tax from April 2019

Image from Mkini
Image via Mkini

The sugary drinks tax will apply to drinks which include added sugar or sweeteners exceeding 5g per 100ml along with fruit and vegetable juices with a sugar content exceeding 12g per 100ml

Stay tuned for our overview story of the #Belanjawan2019!

In the meantime, catch up on more #Budget2019 announcements:

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

The new tax will come into effect from January 2020.

Read the full story
#Budget2019: New Fees To Be Paid By All Travellers Flying Out Of Malaysia

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

Read the full story
#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.

Read the full story

Head over to our Facebook and Twitter account for more updates

Image from SAYS
Image via SAYS
Read more