Malaysia Imposes 10% Duty on Gold Bars, Disrupting Bullion Trade
Updated
Updated · Bloomberg · May 26
Malaysia Imposes 10% Duty on Gold Bars, Disrupting Bullion Trade
1 articles · Updated · Bloomberg · May 26
Some gold bar shipments into Malaysia have been hit with a 10% import duty since at least early May, traders and dealers said, jolting the country's bullion trade.
The charges apply to certain inbound cargoes rather than all imports, creating uncertainty for dealers and disrupting normal trading flows in the Southeast Asian market.
The duty emerged through trader reports from market participants who asked not to be identified because they were not authorized to speak publicly.
Is Malaysia's gold tariff a revenue grab or a strategic move in the global shift away from the US dollar?
Will Malaysia's new 10% gold tax fuel a shadow market and push investors towards riskier, unregulated assets?
Why tax investment gold while promoting Malaysia as a tax-free haven for gold jewellery?