Putrajaya must further explain the definition of high-value items in its new luxury goods tax, said Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).
Dr Wee in Parliament on Tuesday (Oct 17) asked if watches, handbags and jewellery are subject to the new High-Value Goods tax announced in Budget 2024, which would be set at 5 to 10% on specific high-value items based on the threshold value of goods.