Shopee Malaysia Site Updates Related Rates
Jayson 27 Feb 2024 10:58
According to the Malaysian government regulations, the Malaysian site Value Added Tax (hereinafter referred to as VAT) will be adjusted from 6% to 8%.
Therefore, the platform will adjust the commission rates, transaction processing rates, event service rates, Shopee advertising recharge services and other related rates on the Malaysia site at 00:00 on March 1, 2024 (local time).
The specific changes are as follows: the new commission rate (SLS sellers) is 7.56%; the commission rate (localized fulfillment warehouse sellers) is 3.24%; and the transaction fee rate is 2.16%.
Changes in tax rates will inevitably have an impact on the seller's operating conditions, forcing the seller to make corresponding changes. At the same time, the ultimate bearers of the consequences of tax rate changes will ultimately be consumers who shop online.
Therefore, the platform will adjust the commission rates, transaction processing rates, event service rates, Shopee advertising recharge services and other related rates on the Malaysia site at 00:00 on March 1, 2024 (local time).
The specific changes are as follows: the new commission rate (SLS sellers) is 7.56%; the commission rate (localized fulfillment warehouse sellers) is 3.24%; and the transaction fee rate is 2.16%.
Changes in tax rates will inevitably have an impact on the seller's operating conditions, forcing the seller to make corresponding changes. At the same time, the ultimate bearers of the consequences of tax rate changes will ultimately be consumers who shop online.
