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

The new tax will come into effect from January 2020.

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.

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Image via SAYS

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