{"id":180951,"date":"2025-06-13T11:26:13","date_gmt":"2025-06-13T11:26:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/180951\/"},"modified":"2025-06-13T11:26:13","modified_gmt":"2025-06-13T11:26:13","slug":"malaysians-brace-for-rising-costs-on-goods-and-homes-as-new-taxes-target-premium-items","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/180951\/","title":{"rendered":"Malaysians brace for rising costs on goods and homes as new taxes target premium items"},"content":{"rendered":"<p>The backlash against fresh government taxes, set to take effect next month, intensified on Friday, with <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/malaysia?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">Malaysians<\/a> being warned that they will be forced to pay more for locally made goods and even homes as supply chain costs are passed on to buyers.Prime Minister <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/anwar-ibrahim?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">Anwar Ibrahim<\/a>\u2019s administration on Tuesday announced that it would levy taxes of between five and 10 per cent on premium items, such as salmon and silk, as well as high-end services across finance, <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/hong-kong\/education?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">education<\/a>, <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/lifestyle\/health?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">healthcare<\/a> and beauty.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The move \u2013 intended to address budget deficits \u2013 has sparked significant concern among Malaysians, who fear paying higher prices for everything from imported bananas and apples to new homes, as manufacturers pass down costs.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Businesses \u201cmay have no choice but to pass these additional burdens on to consumers,\u201d the Federation of Malaysian Manufacturers (FMM) said in a statement late on Thursday.<\/p>\n<p>According to the federation, nearly all imported goods, particularly industrial equipment such as pumps, compressors, boilers, and furnaces, as well as commercial and equipment leasing, will be affected by the tax, which will come into force just before <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/us-ally-trade-wars?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">US tariffs<\/a> are expected to take effect.<img decoding=\"async\" alt=\"Malaysians face higher costs for goods and homes due to new government taxes. Photo: Shutterstock\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/74859fcd-9e6a-46d2-9162-4d4b032679c1_7059a2fe.jpg\" title=\"Malaysians face higher costs for goods and homes due to new government taxes. Photo: Shutterstock\"\/>Malaysians face higher costs for goods and homes due to new government taxes. Photo: Shutterstock<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Real estate developers have cautioned that homebuyers may incur additional costs, as many new projects are being constructed on commercial land, which falls under the new tax.<\/p>\n","protected":false},"excerpt":{"rendered":"The backlash against fresh government taxes, set to take effect next month, intensified on Friday, with Malaysians being&hellip;\n","protected":false},"author":2,"featured_media":180952,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[35150,51,1700,74501,74504,1055,74503,74500,74502,16,15,2612],"class_list":{"0":"post-180951","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anwar-ibrahim","9":"tag-business","10":"tag-economy","11":"tag-federation-of-malaysian-manufacturers-fmm","12":"tag-ho-hon-sang","13":"tag-malaysia","14":"tag-malaysian-exports","15":"tag-malaysians","16":"tag-real-estate-and-housing-developers-association","17":"tag-uk","18":"tag-united-kingdom","19":"tag-us-tariffs"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114675815762423677","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/180951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=180951"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/180951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/180952"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=180951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=180951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=180951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}