The government says that there will be no extension to the new vehicle sales tax exemption beyond the stipulated period, which is December 31. The 100% sales tax exemption for locally-assembled passenger cars (CKD) and 50% for fully-imported models (CBU) was announced under the Penjana economic stimulus plan, and has been in place from June 15.
This was revealed in a document issued by the ministry of finance in response to a request from the Malaysian Automotive Association (MAA) for the SST exemption to be continued until June 30, 2021. The association had written in to the ministry twice, on October 16 and December 7, asking for an extension.
In its reply dated yesterday, December 23, the ministry said that while the finance minister has given the matter due consideration, the decision has been made to not extend the SST exemption period for another six months, confirming what MAA president Datuk Aishah Ahmad said to us earlier today. “With regards to the SST exemption, MAA has received a rejection letter on the extension of SST after December 31, 2020,” she told paultan.org.
With this, the sales tax for all new vehicles sold in the country will be re-incorporated into the vehicle selling price from January 1. However, there is an allowance for passenger vehicles that have been invoiced for sale by December 31 to remain exempt from SST, but the registration for these must be completed by January 31, 2021.
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O rly?
Lets see them sales then.
Tax the rich so no problem. Keep it coming
In other words those ordering Myvi, X50, X70, City waiting for stock will need to pay higher price when the stock are ready in few months forward. So, Proton, Perodua, Honda must offer discounts to honour the booking prices!! Or they may cancel the orders.
Don’t worry. Instant discount will surely available. 2021 trying to sell 2020 car sure got discount as usual.
They will give you more discount
What will happen when omv starts?
No worries. (desperate) car saleman will still give discount to secure sales of those new old-stock cars or tak-laku cars.
My simple advice is:
Buy new car if can afford to pay.
Keep and use existing car if cannot own new car.
No point buying new car but no marney to service loan later. When loan defaulted, car get towed surely malu besar bossku, right?
Yes petrol also increase another 2 sen today.
When defaulted loan, can get moratorium. So ok
Buy new car no ploblem, pay finance ploblem and depreciation ploblem but buy old car pay mechanic ploblem, u cant win…. Take Grab the safest, no maintenance, financing and just tge fare..
Yes, i suggest to change the hobby of buying cars to something else.
from the beginning SST exemption is a joke. is like encouraging ppl to dig a hole to step into.
this gov desperate for money. u think they gonna give up on their cash cow?
This gov just gave the biggest budget in 60 years history. Desperate for money? Hahaha!
yes to Special Affairs Department (JASA), just like our old BN days. syabas.
Better than not giving money to higher learning institutions like the previous one. That one wants us to remain dumb like you so we’d continued to be fooled by their sleasy lies.
Ever wondered where the money is coming from? Most people don’t seem to care as long as they get their share.
Does money smell any different from where it came from?
The more thumbs down you get means you are a force to be reckoned with.
This government just decided to compensate RM500M to Singapore on the HSR project. You think they’re going to give up on any other income now?
Keep on dreaming
good to raise the car price back else malaysians take it easy and use EPF to upgrade their cars.
The sales tax exemption is a win win, more ppl buy: economy moves, and gov still make money from excise duty (the bigger chunk). In this case, Just don’t buy any car right now… Squeeze then back la