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Global Trade Alert

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Malaysia: Government unveiled new set of measures under the Malaysia Budget 2023

Description

On 24 February 2023, the government of Malaysia issued Budget 2023, launching a special tax deduction of up to RM 150'000 (USD 33,808.8) to Malaysian-made handicrafts purchased from local handicraft b...

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Intervention Details

Intervention Type

Localisation, nes

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Jan 2023

Revocation date

31 Dec 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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