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

Skid Skid
News5 hours ago

Lorry Driver High On Drugs Falls Asleep On The Wheel & Loses Control Of Vehicle On NKVE

A lorry driver lost control of his vehicle after falling asleep on the wheel and skidded on the NKVE heading...

My Post 2021 09 24T142119.604 1 My Post 2021 09 24T142119.604 1
News7 hours ago

M’sian Man In Somalia Sentenced To 15 Years In Jail For Assisting Terrorist Organisation

A 34-year-old Malaysian man named Ahmad Mustakim Abdul Hamid, was sentenced to 15 years in prison by a Somali military...

Kjherd Kjherd
News9 hours ago

KJ: Herd Immunity No Longer Achievable With 80% Vaccination Due To Delta Variant

The Ministry of Health (KKM) will not longer use the conventional formula of achieving herd immunity with at least 80%...

My Post 2021 09 24T114551.289 My Post 2021 09 24T114551.289
News10 hours ago

56 Politicians Were Convicted Of Flouting SOPs Throughout The Lockdown Period

A couple of months ago, #KerajaanGagal was trending online for various reasons, one of which is the fact that many...

Ebit Lew Ft 2 Ebit Lew Ft 2
News11 hours ago

PDRM On The Hunt For Those Who Leaked Alleged Lewd Messages & Videos Of Celebrity Preacher

The police have opened up an investigation paper after detecting the spread of several video clips and lewd messages allegedly...

Walkin Walkin
News12 hours ago

MOE: Walk-In Vaccinations Only Allowed For Homeschoolers & Students Not Registered In School

The Ministry of Education (MOE) has announced that walk-in vaccinations for adolescents is only allowed for those who are not...

Langkawi2 Langkawi2
News1 day ago

Tun M Urges Langkawi Residents To Keep Island Clean After Footage Of Littered Rubbish Goes Viral

After the tourism sector was opened to the public for fully vaccinated individuals, people have been flooding beaches and other...

School2 School2
News1 day ago

MOE: Unvaccinated Kids Not Barred From Attending School, Parents To Be Counselled Instead

The Covid-19 vaccination efforts have begun for teenagers aged 12-17, but not all parents are keen on getting their children...

Announcement

Latest Videos



TRENDING TODAY