51. How are Malaysia import taxes calculated for construction machinery? Special rates & exemptions?

51. How are Malaysia import taxes calculated for construction machinery? Special rates & exemptions?

Import taxes consist of customs duty plus a 10% sales tax, which is calculated on the CIF value plus duty. Mobile crane vehicles pay a 10% sales-and-service tax; electric forklifts have no fixed rate; low-value goods with a value below MYR 500 (approx. RMB 770) are eligible for tax exemption.