What specific taxes will be exempted for Pangkor Island?

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Pangkor Island to be Exempted from Specific Taxes Upon Achieving Duty-Free Status

Pangkor Island is set to gain duty-free status effective January 1, 2020, which will include exemptions from certain taxes. This designation signifies a significant economic development for the island, aiming to boost its appeal as a tourist destination and stimulate local commerce. The exemption will specifically cover duties and the Sales and Services Tax (SST).
Exemption from Import Duties

Upon the implementation of its duty-free status, Pangkor Island will no longer be subject to import duties on a range of goods. This measure is intended to reduce the cost of imported items, making them more affordable for consumers and businesses operating on the island. The intention behind this policy is to enhance the competitiveness of local retailers and attract more visitors.
Sales and Services Tax (SST) Exclusion

In addition to import duties, Pangkor Island will also be exempted from the Sales and Services Tax (SST). This SST exemption means that goods and services typically subject to this tax will be offered at a lower price point for those within the designated tax-free zone. This dual exemption is a key component of the plan to make Pangkor a more attractive commercial hub.
Scope of Tax Exemptions

The tax-free status for Pangkor Island, initially announced during the tabling of Budget 2018, will exclude specific categories of goods. Notably, exemptions will not apply to tobacco, alcohol, and vehicles. These exclusions are common in duty-free designations to manage potential impacts on public health and specific market segments.

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What specific taxes will be exempted for Pangkor Island?

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