Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News GST To Be Zero Rated On 1st June 2018- Ministry of Finance GST To Be Zero Rated On 1st June 2018- Ministry of Finance Auto News Siew Weng | May 16, 2018 07:12 pm The Ministry of Finance Malaysia has just announced that the Goods and Services Tax (GST) will be set at zero per cent beginning 1st June 2018.In a statement released by the Ministry, the reduction of the rate from the current six per cent to zero per cent will be implemented nationwide until a further announcement is made.Goods and services listed in the GST Exempt Supply Order 2014 remain exempted from GST.While this news does not affect the price of RON 95 and Diesel fuel, it does reduce the price of RON 97 as this fuel is subjected to six per cent GST.Assuming that the old Sales and Service Tax (SST) is not reintroduced, could this also translate to lower car prices in the short term, as the prices will be significantly lower with GST being zero-rated? A quick check on a few price lists available online revealed that UMW Toyota and Honda Malaysia online price lists have separated the GST amount.A customer buying the Toyota C-HR is paying RM8,200 in GST, thus, from June 1st 2018, will the Toyota C-HR be priced to RM137,300? The Honda Jazz 1.5S meanwhile could see a new price of under RM69,000!We will try our best to update readers on the new price list once they are available from the official distributors and franchise holders. Learn more about the impact of the abolishment of GST to the automotive industry here:Nissan- No change in price list as of now (14 May)Subaru- Announces Price Promise Scheme (11 May)Tun Dr. Mahathir - GST To Be Abolished (10 May) ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags GST Print Related News Tun Dr. Mahathir: GST To Be Abolished Auto News Hans | May 10, 2018 Tun Dr. Mahathir, the leader of the Pakatan Harapan coalition which has won the recently concluded 14th General Election in Malaysia has confirmed ... Zero GST - The Rich Will Gain Most, The Poor And Middle Class Less So Insights Hans | May 18, 2018 In keeping with Pakatan Harapan’s election manifesto, the newly formed Malaysian government under the leadership of Tun Dr. Mahathir Mohamad has ... Quick Summary Of Brands: New Prices Without GST Here Buying Guides Siew Weng | June 04, 2018 Now that all the mainstream and premium brands have announced their new prices that have withdrawn the GST levy of 6%, we can tabulate all the prices ... Post-GST: Prices Of CKD Honda Models Slashed By Up To RM2,500 Buying Guides Hans | June 30, 2015 In a surprising move which will definitely create a lot of disruption within the local automotive industry, Honda Malaysia Sdn. Bhd. has announced ... Comments
GST To Be Zero Rated On 1st June 2018- Ministry of Finance Auto News Siew Weng | May 16, 2018 07:12 pm The Ministry of Finance Malaysia has just announced that the Goods and Services Tax (GST) will be set at zero per cent beginning 1st June 2018.In a statement released by the Ministry, the reduction of the rate from the current six per cent to zero per cent will be implemented nationwide until a further announcement is made.Goods and services listed in the GST Exempt Supply Order 2014 remain exempted from GST.While this news does not affect the price of RON 95 and Diesel fuel, it does reduce the price of RON 97 as this fuel is subjected to six per cent GST.Assuming that the old Sales and Service Tax (SST) is not reintroduced, could this also translate to lower car prices in the short term, as the prices will be significantly lower with GST being zero-rated? A quick check on a few price lists available online revealed that UMW Toyota and Honda Malaysia online price lists have separated the GST amount.A customer buying the Toyota C-HR is paying RM8,200 in GST, thus, from June 1st 2018, will the Toyota C-HR be priced to RM137,300? The Honda Jazz 1.5S meanwhile could see a new price of under RM69,000!We will try our best to update readers on the new price list once they are available from the official distributors and franchise holders. Learn more about the impact of the abolishment of GST to the automotive industry here:Nissan- No change in price list as of now (14 May)Subaru- Announces Price Promise Scheme (11 May)Tun Dr. Mahathir - GST To Be Abolished (10 May) ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags GST
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Tun Dr. Mahathir: GST To Be Abolished Auto News Hans | May 10, 2018 Tun Dr. Mahathir, the leader of the Pakatan Harapan coalition which has won the recently concluded 14th General Election in Malaysia has confirmed ...
Zero GST - The Rich Will Gain Most, The Poor And Middle Class Less So Insights Hans | May 18, 2018 In keeping with Pakatan Harapan’s election manifesto, the newly formed Malaysian government under the leadership of Tun Dr. Mahathir Mohamad has ...
Quick Summary Of Brands: New Prices Without GST Here Buying Guides Siew Weng | June 04, 2018 Now that all the mainstream and premium brands have announced their new prices that have withdrawn the GST levy of 6%, we can tabulate all the prices ...
Post-GST: Prices Of CKD Honda Models Slashed By Up To RM2,500 Buying Guides Hans | June 30, 2015 In a surprising move which will definitely create a lot of disruption within the local automotive industry, Honda Malaysia Sdn. Bhd. has announced ...