Malaysia takes action to prevent scrap export duty evasion

Malaysia is taking a firm stand against tax evasion in its steel industry. With the launch of the Malaysian Anti-Corruption Commission’s (MACC) “Ops Metal” operation this month, an enforcement action to address widespread evasion of the country’s 15 percent export duty on scrap metal, the country is cracking down on the illegal export of scrap metal. Backed by the Malaysian Steel Association (MSA), the initiative is designed to restore market... Read More