Malaysia imposes 10% import duty on gold bar shipments, disrupting bullion trade
Malaysia has introduced a 10% import duty on LBMA-certified gold bars, effective June 8, 2026. This marks the first import levy on bullion in the country, ending a previous duty-free regime. The new tax is expected to significantly increase costs for investors purchasing gold bars through Malaysian banks.
- ▪The new customs tax targets gold bars that meet London Bullion Market Association standards.
- ▪Investors will face an additional RM45,000 charge on every kilogram bar priced at approximately RM450,000.
- ▪Non-LBMA gold savings products appear to be unaffected by the new tax.
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Malaysia imposes 10% import duty on gold bar shipments, disrupting bullion trade Royal Malaysian Customs targets LBMA-certified gold bars with a new tax effective June 8, marking the country's first-ever import levy on bullion. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Malaysia just made gold investing meaningfully more expensive.
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