Edited by: Sheera Abg Mansor
BANGKOK: Malaysia has proposed the introduction of an e-commerce tax in Asean, hoping it would contribute significantly to the tax revenues of each government.
Prime Minister Tun Dr Mahathir Mohamad as quoted in New Straits Times said, the success, however, has come at the expense of traditional, direct-selling businesses as the government has collected less tax due to the success of the online business.
Dr Mahathir added that taxation would help determine the profit made by online businesses.
Therefore, Asean leaders propose to collect at least half of their profits through an e-commerce tax.
Source: New Straits Times