The current sales tax (SST) exemption for locally-assembled (CKD) passenger cars will expire by 30-June 2022. To qualify, cars must be registered before 30-June 2022. Beyond that, the 10 percent SST will apply.
It’s the same for Imported (CBU) passenger cars, which although don't enjoy full exemption, are now paying a lower 5 percent SST.
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The Malaysia Automotive Association (MAA) is appealing to the government for an extension but it’s unlikely that it will be granted seeing that the government has already extended the SST cut three times prior.
While most car companies are seeing healthy order banks, few have enough cars to fulfill these orders before the cutoff date of 30-June 2022 – a direct result of the ongoing global shortage of automotive electronic parts.
Also read: If you’ve just booked a 2022 model, chances are you won’t get it until July or August
The MAA has confirmed today that there will be a one month grace period for car dealers to register the new cars. This is a continuation of the practice that has already been put in place in the earlier rounds of SST cut.
However, the grace period will only apply to cars that are manufactured on June 2022 or earlier.
“It will be the same formula. It will be one month after the end of the incentive. If you deliver it by then, you can still get the incentive,” confirmed MAA President Datuk Aishah Ahmad.
This is a good news for many buyers who are still waiting for their cars. Nearly every high in-demand popular model, from a simple Perodua Bezza to a Toyota Corolla Cross or a Honda Civic, have a waiting period stretching past June.
Over 15 years of experience in automotive, from product planning, to market research, to print and digital media. Garages a 6-cylinder manual RWD but buses to work.
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