In a new twist, the government has now announced via a memo issued to the Malaysian Automotive Association (MAA) and Malaysian Association of Malay Vehicle Importers and Traders (PEKEMA) that there will be an extension to the new vehicle sales tax exemption period to June 30, 2021. We’ve since checked with MAA, who confirmed the matter.
The sales tax exemption, which has been in place since June 15, was originally scheduled to come to an end on December 31 this year. According to the memo, the percentage of sales tax exemption remains unchanged from what was announced before, with 100% for locally-assembled (CKD) cars and 50% for fully-imported (CBU) cars.
Not too long ago, the Malaysian Automotive Association (MAA) revealed that a request to extend the sales tax exemption period was denied, but it looks like the government has had a change of heart.
The new vehicle sales tax exemption is part of the government’s Penjana programme in order to spur demand within the local automotive market. The sales tax exemption has resulted in reduced prices for passenger cars, although pick-up trucks are not eligible as they are classified as commercial vehicles.
Another change of direction that we recently reported on relates to the government’s decision not to change the excise duty regulations for CKD cars, which would have resulted in the prices of CKD cars going up, if put into action. With both announcements, it looks like car buyers have more of an initiative to make their purchase, so will you?
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To wait for Perodua Rocky Turbo D55L?
YAY (Like) and NAY (Dislike).
Now everyone also can buy Vios GR-S
Affordable, no problem
All those 20k Proton X50 buyers are lucky to have their cars with SST Exemption now.
Is the best time to buy new car with 100% bank loan. Today collect new car, Tomorrow claim loan moratorium. So no problem
And then total lost it the month before payment resumes?
Copy paste: “Affordable, no problem”
I guess they saw what we posted and have learned that this is the best move! All in all, the u turn attitude is just in their dna
Good u turn is good u turn. Better than bad u turns from last couple of years.
Typical. Always feels the need to criticize even if it is for the better.
Not surprised, many are actually waiting for the announcement
Is this news verified?
Hahahaha.. flip flop gov.
But seriously this move is for the greater good of the country’s economy. The still make a lot from excise duty which is the bigger chunk.
So guys if you really need a new car go ahead. Otherwise buy used. Even better maintain current ride and enjoy not having a new loan to service
Good u turn of what
Flip flop gov.. PN is PH 2.0.. Just without DAP
hahaha…u-turn oredi.
I wont be surprised later u-turn again.
Tabole becoming Bole in Bolehland.
Ok what. Better than last couple of years bole become takbole. We are losing to Vietnam & Indo because of them.
Betui…tak abes2 nak rebut jawatan & kontrak
Another U-turn gov…should agree earlier to extend so to help our Auto sector in 2021.
Tenkiu caring gomen!
#KitaJagaKita
Dude how much is JASA paying you? you sound like a cybertrooper.
About the same you get for being a Red Bean trooper. Why?
Lolz! Nice one bro/sis
what a caring government.
Bravo!
Loving this government.
Now everyone can buy Vios and Yaris
With various taxes and natural resources, we still lack “deep-pockets”
from the beginning i strongly believe gov will extend sst further…
i told ya!
This is great news! I have mentioned before that I’m looking to buy a car sometime in the middle of next year, so this will surely help me to proceed in getting a new car next year.
Better save some money in the pocket for the coming years. Unclear situation.
Ok la gomen gives everyone opportunity for some savings. At least even Muslims can look forward and plan to have a new ride before next Eid. One thing that could not be done in 2020. Don’t have money like me, then just sit at a corner and weep quietly lor…..
Beware! All new proton cars dont have anti rust undercarriage. Cars will quickly get corroded in the second year. All get holes at bottom, drive like the flinstone….china style…lol
Related to your last paragraph, excise and SST are government taxes basically it is ‘how one cuts the cake’
Chief, Mind educating fellows like me. Thanks
Is there any indication that the sales tax exemption for vehicles will be extended again?