Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News Wee: Government May Extend SST Exemption For New Vehicles Wee: Government May Extend SST Exemption For New Vehicles Auto News Ferdinand | June 12, 2022 06:40 pm The government may extend the sales tax exemption (SST) for new vehicles to help the automotive industry, which faced many challenges during the lockdown, said Datuk Seri Wee Ka Siong as reported by The Star. In what might be the fourth SST exemption period extension, this time the government of Malaysia is mulling extending it beyond the current deadline of June 30, 2022. SST exemption period to be extended? “The government is currently considering the proposal to extend the SST exemption, and a decision will be announced soon,” Wee said in a recorded statement at the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM) annual general meeting. The Malaysian Automotive Association (MAA) has also been unrelenting in its requests to the Finance Ministry to extend the SST exemption period but to the best of this publication's knowledge has yet to get a response from MOF. The SST exemption scheme which was first launched under the Penjana stimulus package has been extended three times already with the most current one supposed to expire at the end of June 2022. “We welcome initiatives that will help economic recovery, and we will look into the matter to see if the Transport Ministry can help facilitate this proposal.“ Wee added. Will the SST exemption be extended, or will it remain? If it is extended until December 2020 then one winner will certainly be the 2022 Perodua Alza that is scheduled for a July 2022 launch. Bear in mind though that Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has more than once reiterated that the SST exemption period will no longer be extended. Hmm... ✕ 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 Tax Exemption New Vehicles Wee Ka Siong SST Exemption MAA Print Related News Car Bookings To Go Up, But So Will Booking Cancellations? Auto News Sep Irran Halid | July 01, 2022 The SST exemption aka 'tax holiday' will end after 30 June 2022, which means that those who want to take advantage of this will most likely place ... MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ... MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ... Post-GST Slump - Vehicle Sales Down By Over 30 Percent Auto News Hans | May 22, 2015 As expected, new vehicle sales took a big hit following the pre-GST buying frenzy in February and March. New vehicle sales for the month of April ... Comments
Wee: Government May Extend SST Exemption For New Vehicles Auto News Ferdinand | June 12, 2022 06:40 pm The government may extend the sales tax exemption (SST) for new vehicles to help the automotive industry, which faced many challenges during the lockdown, said Datuk Seri Wee Ka Siong as reported by The Star. In what might be the fourth SST exemption period extension, this time the government of Malaysia is mulling extending it beyond the current deadline of June 30, 2022. SST exemption period to be extended? “The government is currently considering the proposal to extend the SST exemption, and a decision will be announced soon,” Wee said in a recorded statement at the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM) annual general meeting. The Malaysian Automotive Association (MAA) has also been unrelenting in its requests to the Finance Ministry to extend the SST exemption period but to the best of this publication's knowledge has yet to get a response from MOF. The SST exemption scheme which was first launched under the Penjana stimulus package has been extended three times already with the most current one supposed to expire at the end of June 2022. “We welcome initiatives that will help economic recovery, and we will look into the matter to see if the Transport Ministry can help facilitate this proposal.“ Wee added. Will the SST exemption be extended, or will it remain? If it is extended until December 2020 then one winner will certainly be the 2022 Perodua Alza that is scheduled for a July 2022 launch. Bear in mind though that Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has more than once reiterated that the SST exemption period will no longer be extended. Hmm... ✕ 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 Tax Exemption New Vehicles Wee Ka Siong SST Exemption MAA
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.
Car Bookings To Go Up, But So Will Booking Cancellations? Auto News Sep Irran Halid | July 01, 2022 The SST exemption aka 'tax holiday' will end after 30 June 2022, which means that those who want to take advantage of this will most likely place ...
MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ...
MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ...
Post-GST Slump - Vehicle Sales Down By Over 30 Percent Auto News Hans | May 22, 2015 As expected, new vehicle sales took a big hit following the pre-GST buying frenzy in February and March. New vehicle sales for the month of April ...