Jewellers worried about luxury goods tax


Angie Tan

Gold jewellers are worried about the luxury goods tax affecting their retail sales as they say it is not just the rich who buy gold. – AFP pic, November 29, 2023.

JEWELLERS were concerned the luxury goods tax to be enforced May 1 would negatively impact the retail industry, operators said.

South Johore Golden Ornaments Trade Association chairman Soh Lip Sim said it was not just the rich who buy gold.


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