GST zero-rated: BMW prices reduced by up to RM70k

GST zero-rated: BMW prices reduced by up to RM70k

Now that Volkswagen Malaysia has announced its price list with the goods and services tax (GST) rated at 0% from June 1, 2018, compatriot BMW has followed suit with its own revised list. The rolling back of GST was announced by the Pakatan Harapan ruling government earlier this week.

These prices are on-the-road, excluding insurance, and will take effect until the sales and services tax (SST) is reinstated to replace GST. However, no date was given for the return of SST. Calculated thus, the savings for purchase of new BMW vehicles in Malaysia range from RM9,992 for the BMW 118i Sport, up to RM69,877 for the mid-engined, plug-in hybrid i8.

The revised pricing appears to be interim, as BMW Malaysia states that prices are listed as such until further notice from the Ministry of Finance. Below is the table reflecting current prices before the change, after and the difference.

GST zero-rated: BMW prices reduced by up to RM70k

“While we await further announcements and confirmation from the Ministry of Finance Malaysia, we look forward to continue serving our customers seamlessly. Rest assured, BMW Group Malaysia continues to offer the complete Premium Ownership experience,” said managing director and CEO of BMW Group Malaysia Harald Hoetzl.

The revised prices include BMW’s five-year unlimited warranty with free scheduled service programme, 24-month tyre warranty programme for run-flat tyres, roadside assistance and accident hotline, the BMW Group Loyalty+ mobile app, BMW White Card and BMW Excellence Club membership programme, and BMW Service Online.

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Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

Comments

  • turborider on May 18, 2018 at 6:10 pm

    How about those BMW pre-registered test drive/event units from authorised BMW? Does this gst zero-rated apply as well?

    Like or Dislike: Thumb up 10 Thumb down 0
    • Rashid bin Ohwai on May 18, 2018 at 8:30 pm

      So much of GST is being saved. Now Pakatan Government don’t need the extra GST because they don’t have to buy Birkin handbags, Rolex watches and Gold Bars.

      Thank you for honesty Pakatan. We are happy we overthrew a corrupted regime

      Like or Dislike: Thumb up 30 Thumb down 7
    • Smokey on May 18, 2018 at 9:45 pm

      I would like to know about this too

      Like or Dislike: Thumb up 1 Thumb down 1
  • Geng Cukur on May 18, 2018 at 8:14 pm

    Inb4 John say harga kereta sudah turun , TunM bila nak turun ??

    Like or Dislike: Thumb up 7 Thumb down 19
    • Jikao on May 18, 2018 at 10:03 pm

      Salah Humpty Dumpty & Birkin ler. Kecik2 taknak mengepos, dah besar susahkan orang ..

      Like or Dislike: Thumb up 14 Thumb down 2
    • Alson P on May 19, 2018 at 5:13 pm

      Hopefully Tun M stay as PM as long as possible.. Cuz I don’t trust anyone else better than Tun M..

      Like or Dislike: Thumb up 7 Thumb down 5
  • GST2percent on May 19, 2018 at 9:23 am

    Reduce gst to 0% and implement sst. Waste of time and money leh. Why not jz reduce the gst to 1-2%. Use the money to do other things la instead of everyone need to change n spend money. Later 5 years change back BN then GST again. Apa la.

    Like or Dislike: Thumb up 6 Thumb down 10
    • Calvin on May 19, 2018 at 12:10 pm

      GST is unpopular as it’s a broad base tax – consumer explicitly notice the Tax Paid on the receipt. Besides, the GST is not very fair to those who have been saving money and delaying purchases in the prior years as they have paid higher income taxes then. So to many of this folks they felt double taxed. Anyway, the PH government has promised to abolish (not just lower down) the GST, so they have to fulfil the manifesto.

      Like or Dislike: Thumb up 8 Thumb down 1
    • Rakyat malaysia on May 19, 2018 at 1:21 pm

      Retain the current gov then…

      Like or Dislike: Thumb up 0 Thumb down 1
    • Rakyat malaysia 101 on May 19, 2018 at 1:22 pm

      Retain the current gov then…

      Like or Dislike: Thumb up 0 Thumb down 0
    • Alson P on May 19, 2018 at 5:17 pm

      Yeah.. Good idea.! Just reduce to 1% GST and no need SST.. Good for rakyat.. When SST introduced 3 month later.. Car price hike 10% to 16%

      Like or Dislike: Thumb up 4 Thumb down 0
    • bn4idiots on May 20, 2018 at 5:45 am

      Typical bn idiot. Keep wishing your master will get the govt back, won’t happen in another 100 years when your kind finally populating majority of earth again.

      Like or Dislike: Thumb up 2 Thumb down 2
 

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