Budget 2012: Individual budget taxi owners to get assistance

Budget 2012: Individual budget taxi owners to get assistanceIn a bid to improve the lot of individual budget taxi owners, who are facing difficulties arising from increased operating costs and, in many cases, utilising vehicles that have exceeded their economic life, the Government is proposing that assistance be given to them, to both take care of their welfare and improve taxi services in the country.

This assistance will include a 100% excise duty and sales tax exemption on the purchase of locally-made taxis, as well as exemption from payment of excise duty and sales tax on taxis sold or transferred of ownership after seven years.

The Government also proposes to abolish the road tax on all individually owned budget taxis. It will also provide a subsidised interest rate of 2% on a full loan to purchase new locally-made taxis. The loan scheme is to be managed by BSN, and will be offered for a period of two years, beginning January 1, 2012.

Finally, it will provide assistance of RM3,000 for the disposal of old taxis exceeding seven years but less than 10 years old; for taxis 10 years and above, this sum will be RM1,000. The assistance is being granted with the proviso of purchasing a new locally-made taxi, again for a period of two years, starting January 1, 2012.

For all the above assistance, private budget taxi owners are expected to benefit by about RM7,560. This assistance will also be extended to individual owners of hired cars.

Looking to sell your car? Sell it with Carro.

Certified Pre-Owned - 1 Year Warranty

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • policeman on Oct 07, 2011 at 7:23 pm

    This story makes me… Think.

    Can I buy a taxi for personal use?

    I would gladly offer 5K for a 7 year old Waja taxi.

    Like or Dislike: Thumb up 2 Thumb down 0
  • problem no.1 is taxi .
    problem no.2 is the fare .

    Like or Dislike: Thumb up 0 Thumb down 0
    • biggest problem is the service mentality of the taxi drivers

      Like or Dislike: Thumb up 0 Thumb down 0
      • Jolly_idiot on Oct 08, 2011 at 11:35 pm

        Biggest problem is our G mentality which encourage us to own a car rather than taking public transport.

        Like or Dislike: Thumb up 0 Thumb down 0
  • so we can get better taxi instead of the small saga blm.

    Like or Dislike: Thumb up 0 Thumb down 0
  • BeemerFreak on Oct 07, 2011 at 8:21 pm

    please use more of the Exora as taxi…. our local taxis are just too small, old and smelly……
    We have a great national product with great potential, why are the taxi companies not capitalising on that?

    Like or Dislike: Thumb up 0 Thumb down 0
  • would this help for improving our public transport? negative…

    Like or Dislike: Thumb up 0 Thumb down 0
  • A good move.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Overdue benefit for the hardworking taxi drivers, those lazy buggers waiting at the LRT station can now put their act together earn a better living than wasting their life lepaking at terminal and taunting for more, such disgraceful Malaysian taxi drivers spoiled the entire image of public services.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Expatriate VN on Oct 07, 2011 at 11:52 pm

    Why for local car only. Saga is useless and too small as taxi. Exora or Inspira, too costly for taxi driver.

    Like or Dislike: Thumb up 0 Thumb down 0
    • tokmoh on Oct 08, 2011 at 2:52 pm

      Lemak betul sesetengah orang ni. Saga useless and too small? Then you want what, 7-series? S-class? Those Hummer stretch limos?!

      This is not Germany or UAE. Even indonesia mostly use Vios, while Thailand use Altis. Are you living in the real world?

      If you insist, I have seen quite a few Naza Ria and Kia Optima. Still too small? Go run your own taxi business then come back here and we’ll see if you can still cock out unrealistic demands again.

      Like or Dislike: Thumb up 1 Thumb down 0
      • dylen on Oct 10, 2011 at 12:54 pm

        Saga BLM is too small if we compare to ISWARA, WAJA

        Naza Ria and Kia Optima are executive cab where fare is double

        Like or Dislike: Thumb up 0 Thumb down 0
  • maximus on Oct 08, 2011 at 12:19 am

    It will be nice to have Proton Espire taxi

    Like or Dislike: Thumb up 1 Thumb down 0
  • how many “individually-owned” taxis do we have? Not that many i heard as the govt has not been issuing the permits to individuals. Instead, many individual drivers ended up rented taxis from the taxi companies which have all the permits. So I don’t see how this can benefit the wider community of taxi drivers? Perhaps the govt should first look at the issuance of permits to individuals, as opposed to the select few taxi companies – just like the AP issue, isn’t it?

    Like or Dislike: Thumb up 0 Thumb down 0
    • bongek on Oct 08, 2011 at 10:15 am

      look like we can see some issue among those taxi driver….good to know that

      Like or Dislike: Thumb up 0 Thumb down 0
  • That mean the stupid taxi driver will get the “cash” from the G, how about the taxi fare? only the bid shark will profit from this stupid budget 2012, management cost RM181 billion, development only 51 billion, are u crazy?
    Anyone want to sell ticket, i want to but ticket now…………….(Election of …..)

    Like or Dislike: Thumb up 0 Thumb down 0
  • “This assistance will also be extended to individual owners of hired cars.”

    Hired cars not necessary repainted as cab right?

    Wonder if one can apply but later only for own use and working as cab only one day per week (part time job lah) while still maintain regular job.

    Looks like it’s even cheaper to run taxi business (and recouped back investment) as most only bring back forth China Dolls around that mostly don’t mind to pay expensive taxi fares. Just saying!

    Like or Dislike: Thumb up 0 Thumb down 0
  • Brian on Mar 01, 2013 at 11:32 am

    I have lived in Malaysia for the past nine years and my main complaint is that they are small family cars and unsuitable for use as taxis. In neighbouring Thailand, Singapore & Indonesia, they use larger vehicles, e.g. Toyota Limos. I would ask the authorities to considervthe passengers as well as the drivers please.

    Like or Dislike: Thumb up 0 Thumb down 0
 

Add a comment

required

required