The current Penjana sales tax (SST) exemption / discount for locally-assembled (CKD) and imported (CBU) vehicles will be extended to 31-December 2021, confirms Prime Minister Tan Sri Muhyiddin Yassin in a press conference today.
This means that CKD passenger vehicles will continue to enjoy 100% exemption from the applicable 10 percent SST (meaning zero SST), while CBU and recond vehicles get a 50% discount (5 percent SST).
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As before, the SST exemption/discount applies only to passenger vehicles, including SUVs and MPVs. Commercial vehicles like pick-up trucks (e.g. Toyota Hilux, Isuzu D-Max) do not enjoy this benefit.
Also read: What are the SST-exempt, CKD cars you can buy in Malaysia in 2021?
Malaysia goes into lockdown again beginning 1-June 2021, with a tightened Movement Control Order (MCO).
Also read: MCO 3.0: What's allowed and what's not for the automotive sector during this lockdown
With humble beginnings collecting diecast models and spending hours virtually tuning dream cars on the computer, his love of cars has delightfully transformed into a career. Sanjay enjoys how the same passion for cars transcends boundaries and brings people together.
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