OMV excise duty revision
It’s that song again, but this should hopefully be the last time anyone hears it. The long-standing topic that is implementation of the open market value (OMV) excise duty revision continues. It …
Remember the open market value (OMV) debacle? Yes, the one that was said to potentially make locally-assembled (CKD) cars cost 10-30% more and that the government has deferred to January 2026, after …
Click to enlarge The government has responded to the open market value (OMV) excise duty revision quandary that has the local car and motorcycle industry up in arms. The finance ministry (MoF), …
In January, it was confirmed by the Malaysian Automotive Association (MAA) that government had provided a deferment for the implementation of the Excise (Determination of Value of Locally Manufactured Goods for the …
The government has deferred to January 2026 the implementation of the Excise (Determination of Value of Locally Manufactured Goods for the Purpose of Levying Excise Duty) Regulations 2019, or for brevity's sake, …
Earlier this month, the Malaysian Automotive Association (MAA) confirmed that the industry received a big reprieve in the form of a deferment of the implementation of the Excise (Determination of Value of …
The Malaysia Automotive Component Parts Manufacturers (MACPMA) has shared its viewpoint on the OMV/402 matter. In an official statement issued to paultan.org, the association said the implementation of OMV/402 may result in …
So, the big day came and gone without a change to car prices. We're talking about the deferment of the implementation of the Excise (Determination of Value of Locally Manufactured Goods for …
We may see significant price increases for locally-assembled (CKD) cars in Malaysia real soon. To jog your memory, in 2019, the finance ministry under the then Pakatan Harapan government prepared the Excise …
Only 12 days to go before we bid goodbye to 2024, and having wrapped up November with year-to-date sales of 731,534 units, Malaysia is expected to close the year with a record …
At the 2022 review by the Malaysian Automotive Association (MAA) this morning, president Datuk Aishah Ahmad revealed that the automotive industry has received a two-year deferment of new open market value (OMV) …
The Malaysian Automotive Association (MAA) says it has submitted another letter asking the government to reconsider the association's appeal regarding the revised open market value (OMV) calculation for excise duty, which was …
Earlier this year, it was reported that new excise duty regulations put forth by the customs department would result in the prices of locally-assembled (CKD) cars going up by as much as …
Last December, a news report indicated the possibility that locally-assembled cars could cost more from this year as a result of a potential restructuring of automobile duty rates by the government. UPDATE: …
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