fbpx
Connect with us

News

Budget 2019: Spotify, Netflix, Steam & Other Online Services to Be Taxed Starting 2020

Published

Budget 2019: Spotify, Steam & Netflix Will Be Taxed Starting 2020 - World Of Buzz 1
Source: Lowyat

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

The Budget 2019 or more popularly known as Belanjawan 2019 is currently ongoing on the Ministry of Finance’s Facebook page. Minister of Finance, Lim Guan Eng has announced that online services such as Netflix, Spotify and Steam will be subjected to taxes from the government starting as early as January 2020. 

Budget 2019: Spotify, Steam & Netflix Will Be Taxed Starting 2020 - World Of Buzz

Source: lowyat

The types of online services that are affected include software, music, video, and digital advertising. Although it was not mentioned which companies or brands would be affected, there were presentation slides in the livestream that named several famous online services including Netflix, Spotify, and Steam.

Lim also added that service providers who import these services for users would have to register with the Royal Customs Department but he did not mention the exact amount of tax that they would be subjected to. We guess more details would be revealed soon!

Stay tuned for more updates!

 

Also read: [WATCH] Lim Guan Eng Presents Budget 2019 Live in Parliament

[Watch] Lim Guan Eng Presents Budget 2019 Live In Parliament - World Of Buzz 1


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 1 3 Collage 1 3
News10 hours ago

PLUS: Teams Will Manually Scan RFID Tags For Users Stuck At Toll Booths & Offer Detection Diagnostic

“Contactless transactions” have been the norm ever since the pandemic struck in order to curb the spread of the virus....

My Post 2022 01 18T103700.566 My Post 2022 01 18T103700.566
News13 hours ago

KJ: M’sia May Completely Ban Cigarettes & Other Tobacco-Products For Future Generations

The Ministry of Health (MOH) is planning to enact a new legislation known as the Tobacco and Smoking Control Act...

Ft Mydin Ft Mydin
News1 day ago

Mydin’s Boss Says Prices For Dry Goods & Clothing Expected to Increase by 10% in 2022

Although the Prime Minister had previously announced that the prices of some goods will stabilise this year, our favourite eateries...

My Post 2022 01 17T114424.433 1 My Post 2022 01 17T114424.433 1
News1 day ago

Massive Congestion Caused By RFID Reported On Multiple Toll Roads Around KL & Selangor

Videos and images have surfaced online, of a massive congestion allegedly caused by the use of Radio Frequency Identification (RFID)...

Ft Sri Muda Ft Sri Muda
News2 days ago

Over 100 Taman Sri Muda Residents Will Be Suing Federal & S’gor Govt For Negligence Over Flash Floods

The sudden flash floods which hit many parts of the country had claimed plenty of lives. Following the government’s alleged...

Sabah Chinese Tourist Sabah Chinese Tourist
News2 days ago

Sabah Govt Wants More Chinese Tourists To Visit The State Once The M’sian Border Reopens

As Malaysia starts to gradually reopen borders from January 1 and “does not have plans to close again”, Sabah too...

Uob Buys Citibank Uob Buys Citibank
News3 days ago

UOB Group Is Taking Over Citigroup’s Consumer Banking Business In Malaysia & 3 Other SEA Countries

A subsidiary of United Overseas Bank Ltd (UOB) will take over Citigroup’s consumer banking business, which comprises of a portfolio...

Isolation Isolation
News3 days ago

KJ: Quarantine Periods Are Now Based On Vaccination Status, Varies From 5 To 10 Days

Individuals who are fully vaccinated but unfortunately have tested positive for any variant of the Covid-19 virus will have to...

Announcement

Latest Videos



TRENDING TODAY